"Today, we took one important short-term step to strengthen the economy," Obama said at the Boeing airplane factory in Everett, Wash. "Just before we got here, Congress did the right thing, and voted to make sure that taxes won’t go up on middle-class families at the end of this month."
The president pledged to sign the bill immediately upon returning to Washington.
"It's a big deal. And I want to thank Congress for listening to the voices of the American people," he said.
"It's amazing what Congress can accomplish when they focus on doing the right thing instead of playing politics."
For more on Obama's speech at Boeing, click here.