“Extending the Payroll Tax Cut for the Middle Class”
From the White House weblog:
In this week’s address, President Obama urged Congress to quickly pass the payroll tax cut extension to prevent a tax hike on 160 million hardworking Americans who are still recovering from the worst economic downturn since the Great Depression. This is not the time for a self-inflicted wound on the recovery or placing an added burden on middle class families, so Democrats and Republicans must pass this commonsense tax cut without drama or delay. We overcame the same standoff over the payroll tax cut extension in December with the help of the American people, and President Obama once again calls on all Americans to tell their elected leaders to do their jobs, put aside partisanship, and extend this tax cut for the middle class.
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Transcript after the break.