Obama promises middle class tax relief

Tajikistan News.Net
Sunday 7th September, 2008

Democratic presidential nominee, Barack Obama, has described the US economy as fragile and has said he would press for middle-class tax cuts if elected.

Speaking on the ABC News program "This Week with George Stephanopoulos," Obama said middle-class tax relief was his main priority.

Given the news about the government takeover of Freddie Mac and Fannie Mae, he said: "The economy is weak right now. The news with Freddie Mac and Fannie Mae, along with the unemployment numbers, indicates that we're fragile.”

He also said he might disallow President George Bush's tax cuts for wealthy Americans, because such a move might hurt the economy.

He told Stephanopoulos: "I want to accelerate those middle-class tax cuts through a second stimulus package, and then we're going to have to re-evaluate at the beginning of the year to see what kind of hole we're in before deciding on any upper-class tax increases.”

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