congressional Democrats are prioritizing tax cuts for the middle class. Our budget made clear that we intend to extend and pay for the Bush tax cuts that directly impact middle class families. In fact, the Democratic budget identifies the specific tax cuts that we would like to see extended, such as: marriage penalty relief; the 10 percent lower income bracket; the child tax credit; small business expensing; and the R&D tax credit. But like our fiscally irresponsible colleagues who advocate a continuation of this administration's failed economic policies, the Democratic budget achieves balance in 4 years and ensures that any increased spending or decreased revenue must be offset by comparable budget cuts. Rather than just charging the cost to the national credit card and increasing our indebtedness to foreign nations like China and Japan, Democrats want to go in a new direction by ensuring that our budgets are balanced and our Tax Code is fair for all Americans.
Editor's note · Context
Discussing the Democratic budget and tax cuts for the middle class.
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