Political Quotes

On the recordJuly 25, 2012
the Republicans' tax hike on the middle class has just been defeated. Their plan would have raised taxes by about $1,000 for 25 million middle-class families while giving millionaires an average of a $160,000 tax break. So let's look at that. Their bill would have raised taxes on 25 million middle-class families by about $1,000 a year, and it would have given millionaires a $160,000 tax break. Those numbers are staggering. Their bill would have raised taxes on parents trying to pay for college, on families--especially large families--with children. So it is no wonder a majority of Senators opposed that legislation. In just a short time there will be a bill that will pass cut taxes for 98 percent of Americans, including every middle-class taxpayer and more than 97 percent of small businesses. This plan, proposed by President Obama, would cut taxes for 114 million American families. Theirs raises taxes for 25 million middle-class families. This is the only bill that has a chance of becoming law, so it is the only plan that would actually give a middle-class family the security of avoiding their fiscal cliff. The House should take up this legislation and pass it. President Obama believes we must keep taxes low for 98 percent of Americans. Democrats agree. So do the majority of Americans.…
Said by
Harry Reid
Democratic · Nevada
Source
govinfo.gov
Jul 25, 2012

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