Friday, November 30, 2012

Obama warns of 'Scrooge' Christmas without tax-cut extension

After touring a Pennsylvania toy factory that's churning out would-be holiday gifts, President Barack Obama warned Friday of a "Scrooge" Christmas if Congress does not pass legislation extending tax cuts for 98% of Americans. The visit and speech was part of Obama's campaign-like push to curry public support for his plan to avert the so-called fiscal cliff and the automatic tax increases and spending cuts that would come with it. "Let's get that done," Obama said of approving tax cuts for most Americans, while letting rates for the top 2% go up. "Let's go ahead and take the fear out for the vast majority of American families so they don't have to worry about $2,000 coming out of their pockets next year."

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