President Obama, In Montco, Urges Congress To Avert The ‘Fiscal Cliff’
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By Brad Segall
HATFIELD, Pa. (CBS) — President Obama continued his push to extend middle-class tax cuts after the first of next year with a stop today at a toy manufacturer in Montgomery County.
During a stop at the K’nex manufacturing plant in Hatfield, the president called on Congress to pass an extension of tax cuts for middle-class families (see previous story).
If those cuts are allowed to expire, he says, that will cost a typical family of four more than $2,200 and hurt small businesses — because consumers will spend less.
“Every family — everybody here — you’ll see your taxes go up on January 1st,” he told the workers against the backdrop of a huge American flag and the company’s toys. “I’m assuming that doesn’t sound too good to you. That’s sort of like the lump of coal you get for Christmas — that’s a Scrooge Christmas.”
Obama is hoping to get some Republicans on board with his plan to extend Bush-era tax cuts for people earning less than $250,000 while increasing taxes for wealthier Americans.
He urged Congress not to get bogged down in partisan bickering and get the deal done.