President Obama once again pivoted his policy today with an East Room announcement that his administration will seek to extend the Bush era tax cuts for incomes less than $250,000. He called for Congress to pass a bill extending the cuts to middle class earners immediately, and address top earner cuts later. President Obama once again pivoted his policy today with an East Room announcement that his administration will seek to extend the Bush era tax cuts for incomes less than $250,000. He called for Congress to pass a bill extending the cuts to middle class earners immediately, and address top earner cuts later.