I agree that the extension of middle class tax cuts is vital to the economic health of our nation, and I proudly support providing this much needed relief. Over 75 percent of American workers are living paycheck-to-paycheck, and they simply cannot afford the burden of new taxes. Furthermore, many of our nation's seniors are on fixed incomes consisting of Social Security payments, supplemented by dividend and capital gains income. This measure will help ensure that seniors can make ends meet in this challenging economic environment. Unfortunately, this measure does not go far enough. Given the current state of our fragile economic recovery, now is not the time to raise taxes on any American. Businesses large and small are still having difficulty creating new jobs, training their workers, and growing for the future. I remain deeply concerned that raising taxes on those businesses would further impede job creation and punish success at a time when we should be encouraging the entrepreneurial spirit. Furthermore, I am troubled that this measure does not address estate tax relief.
Editor's note · Context
The speaker addresses the importance of extending middle class tax cuts and concerns about raising taxes during economic recovery.
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