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WASHINGTON, July 9 (Reuters) – U.S. President Barack Obama
on Monday called for Congress to extend by a year Bush-era tax
cuts for people earning less than $250,000 annually and said
letting tax rates rise for higher earners would not hurt small
businesses.
“This isn’t about taxing job creators, this is about helping
job creators,” Obama said at the White House, noting that 97
percent of all U.S. small business owners would fall under the
$250,000 a year income threshold.
