By the Numbers: $1,500 | The White House
On Wednesday President Obama spoke at Scranton High School about the American Jobs Act and why extending and expanding the payroll tax cut for the middle class is so important. Last night, Senate Republicans chose to raise taxes on nearly 160 million hardworking Americans because they refused to ask a few hundred thousand millionaires and billionaires to pay their fair share.
They voted against a bill that would have not only extended the $1,000 tax cut for a typical family, but expanded that tax cut to put an extra $1,500 in their pockets next year, and given nearly six million small business owners new incentives to expand and hire. At a time when families are struggling to make ends meet, the failure to act is unacceptable.”