In his first press conference since late May, President Obama offered one of the sternest rebukes to date of the Republican Party’s position on the Bush tax cuts, saying that those pushing to extend the cuts for the wealthy are holding the “middle class hostage.”
In the process, Obama may have tipped his hand as to how the Democratic Party will structure the forthcoming legislative debate. His position, he said, is to work first on an extension of the tax cuts for those making less than $250,000 a year. After that, Obama added, Republicans and Democrats can debate or vote on whether to continue extending the tax cuts for the wealthy.
