FILE - In this July 9, 2012 file photo, President Barack Obama speaks in the East Room of the White House in Washington. (AP Photo/Susan Walsh, File )
WASHINGTON (AP) --In his weekly radio and Internet address, Obama denounces what he calls "needless delays" and "partisan posturing."
He has been pushing the idea hard all week, but congressional Republicans aren't buying it.
Obama says that will "hold the vast majority of Americans and our entire economy hostage."
In the Republican address, Sen. Rob Portman of Ohio says Obama's proposal would punish many small business owners who report business profits as personal income.
He says that raising taxes on job creators "makes about as much sense as cutting off the water supply during a drought."