President Obama used his weekly radio address on Saturday to ask the public to pressure the House to immediately pass legislation preventing income tax rates from going up for middle income taxpayers.
“The Senate has already passed a bill to keep income taxes from going up on middle-class families. Democrats in the House are ready to do the same thing. And if we can just get a few House Republicans on board, I’ll sign this bill as soon as Congress sends it my way,” Obama said.
Taxes will automatically go up in January as part of the looming fiscal cliff. Democrats want the current rates for individuals making under $200,000 and married couples making under $250,000 to be extended.
Republicans are resisting passing the bill because they fear they will loose leverage to keep rates lower for wealthier Americans.