Source: David Jackson / USA Today
President Obama is expanding his campaign for a “fiscal cliff” plan that includes higher taxes on wealthier Americans.
Over the course of this week, Obama will meet with small-business owners and middle-class Americans about the possible impact of higher taxes and budget cuts that would kick in next year if the White House and Congress are unable to reach a budget deal.
On Friday, Obama makes a campaign-style appearance at a toy manufacturing plant in Hatfield, Pa. — “a business,” says the White House, “that depends on middle class consumers during the holiday season, and could be impacted if taxes go up on 98% of Americans at the end of the year.”
That is a reference to George W. Bush-era tax cuts that expire on Jan. 1 — Obama want to preserve those tax rate for the middle class, but eliminate them for Americans who make more than $250,000 a year.
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