On the recordDecember 31, 2012
it is indeed unique that on New Year's Eve we are in session. We still have some very important business we need to take care of for our Nation. We should not have put our country in this position. We should have acted well before December 31. We all understand that, but it is important that we get this work done in the remaining hours of this term of Congress. On Thursday, the 113th Congress will take the oath of office and we will start a new Congress. Before that, we must get the work of this Congress finished. At a minimum, we need to deal with the impact of tax rates that would go up for every taxpayer in this country unless we take action before this Congress adjourns. We need to protect middle-income families. We all talked about it. We know that needs to be done. We need to protect Americans from the tax increases that will take effect for the overwhelming majority of Americans--those who are middle-income taxpayers. We need to do this first and foremost because it would create an incredible burden on working families to pay an extra $2,000 to $4,000 of taxes, and we also need to do it to help our economy. That type of money coming out of the economy through additional tax increases would have a very detrimental impact on our economy, which is coming out of a tough period. We also need to deal with what we call sequestration.…





