Obama: Tax cut not perfect but worth crossing (PA) (Yahoo!)

By DARLENE SUPERVILLE, Associated Press Darlene Superville, Associated Press - Saturday 11 December, 9 pm 42 he

WASHINGTON - President Barack Obama calls its agreement with Republicans, far from being perfect, tax cuts, but good overall for the American business while acknowledging that many democratic colleagues are happy for what he negotiated with the Government of Pakistan.

Pressing for passage by the end of the year, he told legislators in his radio address Saturday that "our recovery will be strengthened or weakened based on the choices that now rests with the Congress."

The agreement extends to all employees reductions in income tax rates that are set to expire next month. Renew the benefits without employment for the long-term unemployed and trim tax social security for one year.

Republicans supports plan because it would not impose an increase in taxes on the rich as long Obama had wanted. Democrats for the Pact for reasons that it is too generous to the rich object.

Obama said that the agreement should both parties accept some things they don't like. But he said that the agreement will help middle-class families that he and others have argued should be spared in addition to economic difficulties.

"The opportunity for families to send their children to College relies on this debate," said Obama. "The ability of parents to put food on the table, whereas the search for a job depends on this debate."

He believes that Congress, where the vote should firstly on the measurement of next week, "will do the right thing".

Obama won some profile backup for the agreement of the former President Bill Clinton. Former President told reporters after a meeting in the Oval Office with Obama Friday afternoon that "I don't think there is a better deal there."

In their weekly address Republican elected Rep Kristi Noem South Dakota welcomes the agreement and said that it is good for small business.

"With ever-increasing unemployment, the No. 1 our family needs of small businesses now thing is sure," she says. "They need to know that the Government will not do anything to compromise their ability to keep their doors open." It is certainly encouraging to see President Obama suggested a potential agreement to stop any regular hikes tax take effect January 1. »

But she said additional measures are needed to stimulate economic growth, including reductions in expenditure, make smaller government and repealing legislation of health care.