Today, Obama called on the House Republicans to immediately change tax rates for middle class citizens and allow a tax hike for wealthy citizens. During this White House meeting, Obama claimed that the tax cut would give certainty to the 98% of Americans and 97% of small businesses that these people need to start the new year. Wealthy citizens are classified as families making over $250,000 a year, who should expect to see a hike in taxes. Also, Obama plans on inviting congressional leaders to the White House to discuss answers to the nation's deficit and debts.
Obama is doing a good thing for our economy. Right now, small businesses and middle class families need a break. The tax cut will help us in starting a new year and will hopefully get our economy back on track. It is also good to see that Obama is starting his new term right, trying to get our deficit and debts back under control.
http://www.cnn.com/2012/11/09/politics/obama-fiscal-cliff/index.html?hpt=hp_t1
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