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Obama to House: 'Do the right thing' on tax cut

Thursday - 7/26/2012, 2:49pm  ET

By MARK S. SMITH
Associated Press

WASHINGTON (AP) - Now that the Senate has voted to extend middle-class tax cuts, President Barack Obama is appealing to the GOP-run House to "do the right thing."

At a Cabinet meeting, he told reporters the one-year extension will give families and businesses certainty at a time of economic worries in Europe and elsewhere.

But GOP leaders say by exempting top income earners, the extension is a tax increase on job creators. And there's little chance the House will go along. Still, Obama said he and Cabinet secretaries will make the case in the next few days for the 218 votes needed for House passage.


(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)