Unless the the House of Representatives takes action before January 1, a typical middle-class family of four will see their taxes go up by $2,200 in the coming year.
President Obama is fighting to prevent that from happening, and today, he again pushed lawmakers to get this done.
"What we should do right now is give middle-class families and small business owners a guarantee that their taxes will not go up next year," he said. "When families have the security of knowing that their taxes won’t go up they’re more likely to spend, and more likely to grow the economy. When small business owners have certainty on taxes and can plan ahead they’re more likely to hire and create new jobs. And that benefits all of us."
Among those standing behind the President at the event were a group of Americans who had written in to WhiteHouse.gov to say what it's so important to extend these tax cuts for the middle class.