Obama: Republicans blocking middle-class tax cuts

MATTHEW DALY , The Associated Press Posted: Saturday, December 8, 2012, 6:07 AM WASHINGTON – President Barack Obama said Saturday that Republicans in the House are blocking a bill that would prevent a tax increase on the first $250,000 of income earned by all Americans. The Democratic-controlled Senate has approved the measure, but Obama said House Republicans have “put forward an unbalanced plan that actually lowers rates for the wealthiest Americans.” Obama supports a plan to raise taxes on families earning more than $250,000. In his weekly radio and Internet address, Obama said “the math just doesn’t work” on the GOP plan….

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