Obama Urges Congress to Pass Tax-Cut Deal

Politics Reuters

President Barack Obama on Wednesday urged U.S. lawmakers to pass as quickly as possible a package to extend Bush-era tax cuts that he said would spur economic growth and hiring.

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"I am absolutely convinced that this tax cut plan, while not perfect, will help grow our economy and create jobs in the private sector," he said in a statement before joining U.S. business leaders for a meeting on the economy and hiring.

"We worked hard to negotiate an agreement that is a win for middle class families and a win for our economy, and we can't afford to let it fall victim to either delay or defeat. So I urge members of Congress to pass these tax cuts as swiftly as possible," he said.