President Barack Obama greets event participants after announcing his plan to extend tax cuts for the middle class, in the East Room of the White House in Washington, Monday, July 9, 2012. (AP Photo/J. Scott Applewhite)

President Barack Obama greets event participants after announcing his plan to extend tax cuts for the middle class, in the East Room of the White House in Washington, Monday, July 9, 2012. (AP Photo/J. Scott Applewhite)

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