I rise today in support of the The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which will prevent tax increases on middle-class Americans, provide targeted investments in American businesses, and continue much-needed relief for the unemployed. After wrestling with my concerns about upper-class tax rates and the estate tax provision, I have come to the conclusion that this bill is necessary in order to preserve and promote our economic recovery. Between the extension of tax rates for the middle class, the patch for the alternative minimum tax, and several extensions of previous tax policy, almost $500 billion goes toward preventing a substantial tax increase on working Americans. A tax increase on that scale would significantly hamper the economy and place further strain on families struggling to stay afloat during uncertain economic times. The words spoken by former President Clinton last week underscore a strong point made by a man who knows something about how to forge legislation necessary to move our Nation forward.
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Feinstein supports the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.
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