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July 10th, 2012 
FAKE NEWS for the Zionist agenda Obama on Monday pointed out to the need to reduce the federal debt and invest it items such as education and infrastructure.
“Everybody agrees we’ve got to do something about these deficits and these debts,” Obama said at the White House.
He added that extended tax cuts for the wealthiest Americans are “least likely to promote growth.”
Middle class taxpayers face higher tax bills of up to USD 2,200 if all the Bush tax cuts expire at the end of the year, Obama said.
Republicans at the House of Representatives plan to vote later this week on a permanent extension. The Democratic-run Senate is not expected to follow suit.
Opponents say the tax cuts should be extended for everyone, including higher earners.
The tax cuts were enacted by former President George W. Bush will expire on January 1 without congressional action.
AGB/ JR
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