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New White House report helps Obama build public case for extending middle-class tax cuts

Posted on AllSides November 26th, 2012
From The Left

The White House warned Monday that the average family will pay $2,200 more in taxes next year if Congress does not freeze tax rates for the middle class, publishing a new report as part of President Obamas campaign to extend tax cuts for most Americans while allowing taxes on the wealthiest to rise.

The White House report says Americans could dramatically pull back on spending in the crucial holiday season if they expect sharp tax hikes next year, which would cut deeply into take-home pay. A tepid shopping season would...

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