President Obama has cut taxes for middle-class families and small businesses. One of the first things he did in office was cut taxes for 95 percent of working families. He has also signed 18 tax cuts for small businesses and extended the payroll tax cut for all American workers and their families, putting an extra $1,000 in the typical middle-class family’s pocket.
For too long, the U.S. tax code has benefited the wealthy and well-connected at the expense of the vast majority of Americans. That's why President Obama proposed the Buffett Rule, asking millionaires and billionaires to do their fair share. But if you're one of the 98 percent of American families who make under $250,000 a year, your taxes won’t go up.
The President has asked Congress to take action to reform our tax code and close tax loopholes for millionaires and billionaires, as well as hedge fund managers, private jet owners, and oil companies.
President Obama supports reform that cuts corporate tax rates, closes loopholes, and rewards investment in America to make our businesses and workers more competitive in a global economy.
http://www.barackobama.com/record/taxes