On the recordJanuary 1, 2013
This is a bipartisan bill, and I will try to keep it within that spirit to the extent possible. As we are here today on January 1, hours away from Americans returning to work, markets reopening around the world, and all eyes focusing on whether this institution can govern, this legislation allows us to get done what we need to get done. {time} 2150 This bill is vital for our Nation's economic well-being and, I want to emphasize, for its standing as the world's most important economy. It is vital for 114 million middle class families whose tax cuts are made permanent. It's vital for 2 million unemployed American workers who need continuation of their insurance while they continue to look for work. It is vital for 30 million middle-income Americans who otherwise would have been hit by the alternative minimum tax. And it's vital for 25, and I emphasize this, 25 million working families and students who benefit from the Child Tax Credit, the Earned Income Tax Credit and the American Opportunity Tax Credit, which helps families pay for college. And it's vital for physicians and millions of their patients who would have been hurt by drastic cuts in Medicare reimbursement rates. It's also vital for businesses, through an extension of important tax provisions such as the R&D credit, and also renewable energy incentives that must continue in this great country of ours, and bonus depreciation to encourage business investments.…





