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The Boston Globe

Nation

Obama pushes middle class tax cut extension

WASHINGTON (AP) — In a challenge to Republicans, President Barack Obama urged Congress on Wednesday to extend expiring tax cuts immediately for all but the nation’s highest income earners as a way to eliminate half of the so-called ‘‘fiscal cliff’’ that threatens to send the economy back into recession.

‘‘What I'm not going to do is to extend Bush tax cuts for the wealthiest 2 percent that we can’t afford and according to economists will have the least positive impact on the economy,’’ the president said at his first news conference since his re-election last week.

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