On the recordDecember 5, 2012
Madam President, I rise today to once again speak about the fact that in July, July 25 of this year, the Senate passed a middle-class tax cut bill guaranteeing that the first $250,000 dollars of income any American has would be exempted from any tax increase. We all know that the vast majority--in fact 98 percent--of Americans, makes less than that amount of money. We are talking about 98 percent of Americans receiving tax cuts under that proposal. Back in July we passed this proposal, and it is now still waiting in the House of Representatives. So far the House leadership has refused to even let the bill come up for a vote, even though we all know that there is a majority of Members in the House who would vote for this and guarantee that as we go into Christmas, middle-class families across America would know they would have $2,200 in their pockets, more in their pocket right now, next year, than they will have if their tax cuts expire. We have passed this bill, and we are urging the House of Representatives to do the right thing and to pass this bill. Even Republicans in the House say they support this effort. We all know that Representative Tom Cole from Oklahoma said last week, ``I think we ought to take the 98 percent deal right now.'' It is a pretty good deal. Let us start. We know we have a large deficit reduction effort that needs to take place. There is a lot of give and take that needs to take place. We know what the elements are.…
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