(FOX NEWS) President Obama, amid charges of waging class warfare, is expected to push Monday for a tax hike on families earning more than $250,000 — and an extension of the Bush-era tax rates for families making less than that.
The proposal comes just days after Obama courted the blue-collar vote in the battleground states of Ohio and Pennsylvania, where he talked frequently about middle-class values.
The pitch is the latest proposal from a White House that has had a complicated relationship with the Bush-era tax rates, which have been in effect for nearly a decade. Obama at first held back on letting any of those rates expire during the height of the recession, saying in 2009 that would be “the last thing you want to do” because it would “take more demand out of the economy.”