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In radio address, Obama accuses House GOP of…
Tuesday, June 23rd 2026

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In radio address, Obama accuses House GOP of blocking tax cuts

FILE - This combination of 2012 file photos shows U.S. President Barack Obama, left, and Republican presidential candidate Mitt Romney in Boulder, Colo. and Cape Canaveral, Fla. Campaign finance filings with the government now show that the cost of the 2012 U.S. presidential race has surpassed $2 billion, a new record. The new tallies released Thursday, Dec. 6, 2012, which include nearly $86 million in fundraising by Republican presidential nominee Mitt Romney in the election's final weeks, boosted the total campaign haul over the $2 billion mark.
FILE – This combination of 2012 file photos shows U.S. President Barack Obama, left, and Republican presidential candidate Mitt Romney in Boulder, Colo. and Cape Canaveral, Fla. Campaign finance filings with the government now show that the cost of the 2012 U.S. presidential race has surpassed $2 billion, a new record. The new tallies released Thursday, Dec. 6, 2012, which include nearly $86 million in fundraising by Republican presidential nominee Mitt Romney in the election’s final weeks, boosted the total campaign haul over the $2 billion mark.
By | The Associated Press
PUBLISHED: | UPDATED:
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Obama: GOP blocking tax cuts • WASHINGTON —President Barack Obama said Saturday that House Republicans are blocking a bill that would prevent a tax increase on the first $250,000 of income earned by all Americans.

The Democratic-controlled Senate has approved the measure, but Obama said House Republicans have “put forward an unbalanced plan that actually lowers rates for the wealthiest Americans.” Obama supports a plan to raise taxes on families earning more than $250,000.

Florida Sen. Marco Rubio said in the Republican response Saturday that tax increases will not solve the nation’s $16 trillion debt. Only economic growth and reform of entitlement programs will help control the debt, he said.

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