Although it is only mid-July, the Obama administration is looking towards the end of 2012 when the Bush-era tax cut extensions expire. President Obama is asking Congress to act now and extend the tax cuts for families that make less than $250,000 per year. Acting now can help taxpayers avoid the stress and confusion that comes with uncertainty about tax hikes come the new year.


Photo: Tax Credits/Flickr

President Obama, Congress and taxes
President Obama continues to call upon Congress to pass an extension of the middle class tax cuts.