Obama presses Congress again to pass his tax plan

Associated Press
President Barack Obama speaks during a campaign stop at the historic Fire Station No.1, in downtown Roanoke, Va., Friday, July 13, 2012. Obama traveled to southwest Virginia to discuss choice in this election between two fundamentally different visions on how to grow the economy, create middle-class jobs and pay down the debt. (AP Photo/Don Petersen)
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President Barack Obama speaks during a campaign stop at the historic Fire Station No.1, in downtown Roanoke, …

WASHINGTON (AP) — President Barack Obama is prodding Congress to "skip the unnecessary drama" and pass his proposal to extend Bush-era tax cuts to families earning less than $250,000 a year but not for those who earn more.

In his weekly radio and Internet address, Obama denounces what he calls "needless delays" and "partisan posturing."

He has been pushing the idea hard all week, but congressional Republicans aren't buying it.

Obama says that will "hold the vast majority of Americans and our entire economy hostage."

In the Republican address, Sen. Rob Portman of Ohio says Obama's proposal would punish many small business owners who report business profits as personal income.

He says that raising taxes on job creators "makes about as much sense as cutting off the water supply during a drought."

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