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hi everybody I want to take a few minutes to talk with you about some steps I just announced to protect the middle class create jobs and give our recovery an added shot of momentum as you probably know the income tax cuts that were put in place last decade are scheduled to expire on January 1st along with a series of tax cuts for the middle class that we made soon after I took office this would all told mean a tax increase of $3,000 for the typical family and could cost our economy well over a million jobs at the same time an impass in Congress means unemployment insurance would expire for 2 million Americans who would lose their emergency assistance right in the middle of the holiday season it would be a perfect storm that would set families businesses and our country back just as were recovering from a devastating recession and a decade of stagnant wages to break the Log Jam I initiated bipartisan discussions and yes yesterday I announced a framework for a solution that would head o