Monday, July 9, 2012

President Obama, Challenged By Republicans, Wealthy Tax Cuts

By: Francee` Bouvenir

President Obama proposed a one-year extension, Bush-era tax cuts for families who earned less than 250,00 a year. "Will this strategy strengthen his election against opponent Mitt Romney". The Former Governor of Massachuettes opposed this move. But Why! Because the tax cut isn't for the RICH? Liked the President said this country couldn't afford it. In 2010, he agreed to extend temporary tax cuts to all taxpayers and won't lower taxs for the wealthy again.

Hope this successful proposed will benefit his campaign trail while in the state of Iowa, Tuesday. A magnificant event Monday for the struggling, working and middle class. Although, the Senate Democrats plan a vote for the proposal next month to expected in passing after November election.

According to the President's opponent spokeswoman, Andrea Saul "raising taxs will hurt anybody especially in this economy". But this is only good news for those who have jobs. The ones who have been unemployed and for more than several years won't benefit from this tax cut if lucky they can find work.

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