Tonight I rise in support of middle class Americans. As families and the Nation continue to face economic challenges, we should extend tax cuts for Americans; yet the Republicans insisted that tax cuts apply to all incomes, even multimillionaires. And they are insisting, even tonight, on including an additional tax break for just 6,600 wealthy estates at the expense of tax relief for middle class Americans. The goals of this tax relief package should be to help middle-income Americans and promote economic growth. And because of the President and Democrats in Congress, most of this bill accomplishes just that. I commend the pro-growth business provisions, particularly the acceleration of business depreciation and extension of the research and development tax credits, which encourage innovation and investment. And I strongly support the extension of tax breaks for middle class families. Unfortunately, the Senate Republicans' last-minute estate tax provision does not meet the goal of either economic growth or tax relief for the middle class.
Editor's note · Context
The speaker addresses tax cuts and economic relief for middle class Americans amid ongoing economic challenges.
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