The President’s Plan
President Obama is calling on Congress to pass a bill that would prevent a tax hike on the first $250,000 of everybody’s income. That means that 98 percent of Americans and 97 percent of small businesses wouldn’t see their income taxes go up at all. And even thewealthiest Americans would get a tax cut on the first $250,000 of their incomes.
If Congress doesn’t take action soon, typical middle class family of four will see their income taxes rise by about $2,000 in 2013. We can’t let that happen. Our families can’t afford it, and neither can our economy.