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President Obama Answers Fiscal Cliff Questions on Twitter

With the Fiscal Cliff now 28 days away, Americans are beginning to worry about their taxes. President Barack Obama will answer questions live on Twitter at 2pm EST. We will be updating as it happens.

  1. In August and October of this year, President Obama took to Reddit, a social news website, to reach voters before November's election.
  2. Now, it's Twitter's turn.
  3. Good to see lots of folks on twitter speaking out on extending middle class tax cuts. I'll answer some Qs on that at 2ET. Ask w/ #My2k –bo
  4. Tweets signed -bo come directly from the President. Twitter users can submit questions by using the hashtag #My2K
  5. Barack Obama has been using the #My2K hashtag for several days, urging Americans to be informed about what the Fiscal Cliff could mean for them:
  6. President Obama: "It's unacceptable for some Republicans in Congress to hold middle class tax cuts hostage" Watch on.wh.gov/30dliwL #My2k
  7. The @whitehouse account has been promoting this tweet for the last week:
  8. CNBC's social media team will be updating this Storify as the questions and answers begin rolling in.
  9. And we're off!
  10. hey guys - this is barack. ready to answer your questions on fiscal cliff & #my2k. Let's get started. -bo
  11. Question #1:
  12. Mr. President, can you assure us that any "fiscal cliff" negotiations regarding entitlement reform will not hurt the most needy? #My2K
  13. Answer #1:
  14. .@pmmckenzie we can reduce deficit in balanced way by ending tax cuts for top 2% + reforms that strengthen safety net & invest in future -bo
  15. Question #2:
  16. Mr. President, why won't keeping tax rates low across the board encourage more hires and therefore more tax revenue? #my2k
  17. Answer #2:
  18. .@mike5673 high end tax cuts do least for economic growth & cost almost $1T. extending middle class cuts boosts consumer demand & growth -bo
  19. Question #3:
  20. @BarackObama #My2k As a recent college grad w/o a full time job, these cuts wouldn't help me, would they?
  21. Answer #3:
  22. .@dontbeaprat cuts w/out revenue = reductions in student loans; work/study & college tax credits expire. Bad for growth. like your hair! -bo
  23. In case you needed proof it really was Obama answering the questions, White House Photographer Pete Souza is tweeting pictures.

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