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News Summary: Obama pushing middle-class tax cuts

By The Associated Press
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KEEP THE CUTS: President Barack Obama called on Congress Monday to extend tax cuts for only low and middle income earners while allowing taxes to increase for families that make more than $250,000 a year.

ONE MORE YEAR: Obama called for a one-year extension of the Bush-era tax cuts for households making less than $250,000. He said the outcome of his November election contest would then determine the fate of tax cuts for higher income earners.

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