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Obama: Republicans blocking middle-class tax cuts

By Matthew Daly
Published December 8, 2012 11:07am ET
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Obama: Republicans blocking middle-class tax cuts
FILE - In this Sept. 26, 2012, file photo, President Barack Obama speaks at a campaign event at Bowling Green State University in Bowling Green, Ohio. A month after the bitterly fought election, Obama has his highest approval ratings since the killing of Osama bin Laden, according to an Associated Press-GfK poll, and more Americans say the nation is heading in the right direction now since the start of his first term. Obama’s approval rating stands at 57 percent, the highest since May, 2011, and up five points from before the election. And 42 percent say the country is on the right track. (AP Photo/Pablo Martinez Monsivais) | Pablo Martinez Monsivais

WASHINGTON (AP) — President Barack Obama said Saturday that Republicans in the House are blocking a bill that would prevent a tax increase on the first $250,000 of income earned by all Americans.

The Democratic-controlled Senate has approved the measure, but Obama said House Republicans have “put forward an unbalanced plan that actually lowers rates for the wealthiest Americans.” Obama supports a plan to raise taxes on families earning more than $250,000.

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