The Madeleine Brand Show for July 9, 2012

Obama urges Congress to extend Bush tax cuts

US President Barack Obama.


President Obama is pushing Congress to extend tax breaks for people making less than $250,000 a year.

Taxes are the talk of the town in Washington today. President Obama is asking Congress to extend the Bush-era tax cuts which are set to expire at the end of the year. Congress voted to continue the tax cuts in 2010, but this time there is a sticking point; President Obama wants the cuts to apply only to families that make less than $250,000. The Republicans say the cuts should continue for all taxpayers.


Hans Nichols is a Bloomberg correspondent; he joins the show from the White House.

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