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Obama plans to extend the Bush-era tax cuts

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    President to exclude anyone making over $250K

  • Duration 3:44
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And Obama's campaign senior advisor Robert again this was on TV on Sunday he said that the -- -- believe -- Don't need any tax breaks to get the economy moving.

We should protect the tax cuts for the middle class and we said -- tax cuts for millionaires and billionaires -- -- not that we we ought to do something about this deficit.

And we ought to protect middle class tax cuts -- the best way to do that is let the upper end.

Tax cuts expire let the wealthy in this country they've been doing fine for years and years and years begin to pay their fair share.

And make sure that we protect the tax rate -- middle class families.

Have had for the past many years.

That's the president is completely committed and as he won't allow it to happen used a 100% committed to that.

100% you -- chief White House correspondent Ed Henry live in the north lawn today Ed good morning what is because strategy here.

-- -- part of the strategy frankly bill is to turn the page from Friday when the president had another awful jobs report he doesn't want to defend that par the economy right now to turn this into a debate about tax fairness which is what he's been doing out on the campaign trail.

Now making his case just a couple hours from now 11:50 AM eastern time in the east room they can't presidential campaign coming back to the White House if you will a bottom line is he's going to take a lot of heat from Republicans who say.

Just extending the middle class tax cuts only will not only raise taxes on people making over 250000 dollars a year but will not provide a lot of certainty to the economy is he only wants to extend it.

For one year but this in terms of the strategy.

Allows the president's allies like Debbie Wasserman Schultz who was on FOX News Sunday yesterday to beat up on Mitt Romney and say he's just about tax cuts for the -- -- Mitt Romney would.

By embracing that Romney Ryan budget would actually make sure that the wealthiest most fortunate Americans get more and better tax breaks.

That doubt that we would end Medicare as we know what that we wouldn't blow more of a hole in our deficit and not been already exists now.

But this is not just a battle between the president and Mitt Romney Republicans on the hill he's got some issues in his own party because while he's drawing the line.

At extending tax cuts for those making 250000.

Were last.

You've got Democrats like Nancy Pelosi Chuck Schumer on the hill were saying the dividing line should actually be a million dollars or less -- they've still got to work that out as well you know Republicans get argued that this hurts right in the middle of an economic crisis.

Slash recovery.

What -- the White House later that.

Well they're gonna have a hard time because the president has previously said.

During his administration that it is not a good idea to raise taxes in the middle.

-- either recession economic crisis call it what you will right now and I think when you listen to Mitch McConnell the Republican leader in the senate it was one on one of the Sunday shows yesterday.

They wanna really hit the president on this tax issue -- -- listen.

I negotiated with Vice President Biden deterioration -- -- of the current outrage that are there we're -- right now.

The president -- Because he argued that the -- taxes go would make the economy worse we have a slower growth rate today than we had them.

These tax cuts are expiring at the end of the -- -- lot of this today is about positioning.

The president trying to position himself as sort of a middle class warrior I think this is also clearly about when you look at the stakes in the presidential campaign the president wants to make the campaign about the next four years that he would be for the middle class.

Mitt Romney would be for the rich I think it would not just the Romney campaign Republicans on the hill wanna say wait a second what about the last four years as well in your record they want to make this a referendum on the president's leadership are.

Ed thank you for that go back about a month ago I think Bill Clinton was talking about this -- that maybe he beat everybody to the punch.

Our Ed Henry's on the north lawn there Ed thank you Martha has a bit more on this now.

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