At the campaign rally in Virginia Beach, the president renewed calls to extend Bush-era tax breaks for the poor and middle class while the two sides argue about the remaining top 2 percent of Americans.
But he says Republicans are balking -- and holding middle-class cuts, in his words, "hostage."
The GOP calls Obama's plan a recipe for a massive tax hike that'll hit small business.
Obama is kicking off two days of campaigning in Virginia, which he won four years ago -- the first Democratic presidential hopeful to do so since 1964.
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