Obama plans to kill middle-class tax credit

(The Hill) - Grappling to contain record deficits, President Barack Obama is seeking to end a middle-class tax break he once said would be permanent.

The $3.8 trillion budget request rolled out by the White House on Monday would renew the Making Work Pay tax credit for fiscal 2011, but then would have it sunset.

That’s a switch from last year, when Obama’s budget called for making the tax credit permanent.