Obama to Push Extension of Middle-Class Tax Cuts

President Barack Obama speaks about the rising costs of higher education Wednesday, April 25, 2012 at the University of Iowa Field House in Iowa City, Iowa. The President, who was on a three campus tour, was pushing to keep interest rates low on a widely used loan program aimed at low-income and middle-class students. (Brian Ray/Pool Photo)

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By Lauren Peikoff

Story Created: Jul 9, 2012 at 7:31 AM CDT

Story Updated: Aug 9, 2012 at 2:56 PM CDT

WASHINGTON (AP) - President Barack Obama is launching a push to extend tax cuts for the middle class, starting with an address from the White House on Monday.

A senior administration official says Obama will call for a one-year extension of tax cuts for people making less than $250,000 a year.

House Republicans are expected to push this month for a measure to extend all of the Bush-era tax cuts due to expire at the end of the year, including reductions on wealthier income earners.

An official at Obama's re-election campaign says it will promote the president's economic agenda in a series of events this week in battleground states, including New Hampshire, Colorado and Nevada. Both officials spoke on condition of anonymity in order to preview Obama's announcement.

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