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Obama Takes Tax Cut Pitch Outside The Beltway

HATFIELD, Pa. (November 30, 2012)--President Barack Obama urged Congress Friday to pass an extension of tax cuts for middle class families, saying a tax increase for them would be like a "lump of coal" for Christmas.

In his first campaign-style event to sell his solution on the "fiscal cliff," Mr. Obama said in the Philadelphia suburbs that Republicans should extend existing Bush-era tax rates for households earning $250,000 or less, while allowing increases to kick in for the wealthy.

He said both sides need to "get out of our comfort zones" to reach an agreement.

He toured a manufacturing facility that builds construction toys, joking that he's keeping his own "naughty and nice list" for Congress and urging the public to pressure lawmakers to pass the tax cut extension for the middle class.


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