President Obama To Call For One Year Extension On Bush Tax Cuts For Incomes Below $250,000
And expect a fight about those who make more than $250,000.
Mr. Obama plans to make his announcement in the Rose Garden on Monday, senior administration officials said. The ceremony comes as Congress returns from its Independence Day recess, and as both parties and their presidential candidates head into the rest of the summer trying to seize the upper hand in a campaign that has been closely matched and stubbornly static.
House Republicans plan to vote this month to extend permanently all of the Bush tax cuts, for middle- and upper-income people.