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Dec 8, 2012

The White House Washington | Weekly Address (December 8, 2012): Congress Must Extend the Middle Class Tax Cucs

The White House Saturday, December 8, 2012
  Weekly Address: Congress Must Extend the Middle Class Tax Cuts 

President Obama urges Congress to extend the middle class income tax cuts for 98 percent of Americans and 97 percent of small businesses without delay, making it clear that a balanced approach to deficit reduction means that Republicans in Congress must agree to ask the wealthiest Americans to pay higher tax rates.

Watch President Obama's weekly address.

President Obama delivers the Weekly Address
President Barack Obama tapes the Weekly Address in the Map Room of the White House, Dec. 7, 2012. (Official White House Photo by Lawrence Jackson)

In Case You Missed It

Here’s a quick glimpse at what happened this week on

#My2k: On Monday, President Obama connected directly with Americans on Twitter, where he answered questions about extending middle class tax cuts, using the hashtag #My2k.  During the conversation, the hashtag #My2k was used more than 31,000 times and trended nationally on Twitter throughout the chat.

On Thursday, President Obama continued the conversation by visiting Tiffany Santana and her family—one of the thousands of people who wrote in to the White House to share what it would mean to her family if their income taxes went up next year. Tiffany’s family is just one of 114 million American families who would see their taxes go up if Congress fails to extend the middle class tax cuts.

Join the conversation and share what $2,000 means to your family
Watch why You Don’t Have to be an Economist to Understand
Read Some More Stories from the Middle Class Tax Cut Debate

Kennedy Center Honorees: Over the weekend, President and Mrs. Obama welcomed the 2012 Kennedy Center honorees to the White House. From the East Room of the White House, they celebrated the individuals who have made a lifetime contribution to American culture through the performing arts. This year’s honorees include David Letterman, Dustin Hoffman, Natalia Makarova, Buddy Guy, and the surviving members of Led Zeppelin.

Prime Minister Borissov of Bulgaria: Earlier this week, President Obama met with Bulgarian Prime Minister Boyko Borissov. The President thanked Prime Minister Borissov for Bulgaria’s strong partnership in NATO, as well as the country’s support in Afghanistan and its cooperation on criminal investigations, law enforcement, and counterterrorism.

Business Roundtable: On Wednesday, President Obama spoke to members of the Business Roundtable, an association of CEOs of American businesses, and reiterated his plan to extend tax cuts for middle class families. Read the President’s full remarks here.

White House Tribal Nations Conference: On Thursday, President Obama hosted the annual White House Tribal Nations Conference to provide leaders from America’s federally-recognized tribes the opportunity to interact directly with members of the Obama administration, including the President. Administration officials discussed programs and initiatives that affect Native American communities. The President took the opportunity to commemorate Sonny Black Eagle—the Crow National tribal leader who adopted the President in 2008. Watch the President’s remarks here.

White House Holidays:  On Thursday evening, President Obama, First Lady Michelle Obama, and their daughters, helped light the National Christmas Tree on the Ellipse of the White House south lawn. Watch the First Family kick-off the holiday season in Washington here. The White House also released the 2012 White House holiday card, a glimpse of the White House holiday china, and a tribute to past First Ladies to honor their holiday legacies.

See the complete 2012 White House holidays coverage at

BBC Breaking News (December 8, 2012): There is no cause for alarm about Dr. Mandela Hospitalization

BBC News
  Breaking News  

Mandela taken to hospital

Former South African president Nelson Mandela has been taken to hospital for tests but there is no cause for alarm, the government says.

NYT: FGC BOLSA - FGC FINANCIAL MARKETS (December 8, 2012): Jobs Report Becomes Latest Fodder in Fiscal Debate

December 8, 2012 Compiled: 12:27 AM

Democrats and Republicans seized on November’s job numbers to press for a compromise on a deficit deal.

Unemployment dropped to 7.7 percent as the economy continued to recover in spite of the lingering budget stalemate and the damaging effects of Hurricane Sandy.

Americans used their credit cards more often and borrowed more to attend school and buy cars.

Good news on job creation and the unemployment rate were tempered by concern over fiscal negotiations in Washington.