Two Democrats tell Obama to extend tax cuts

Two freshman Democrats have asked President Obama to extend the 2001 and 2003 tax cuts for two years.

From The Hill:

“Allowing these tax rates to expire during this recession runs the risk of curtailing economic expansion just when it begins to pick up and could lead to a ‘double-dip’ recession,” Reps. Bobby Bright (D-Ala.) and Mike McMahon (D-N.Y.) wrote in a January letter to Obama.

President Obama pledged during his campaign that he would not raise taxes on people making less than $250,000. Since then he has said he is "agnostic" on raising taxes on people making less than $250,000.