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On the recordDecember 13, 2011
Mr. Speaker, I rise today to express my support for H.R. 3630, the Middle Class Tax Relief and Job Creation Act of 2011. First and foremost, I was glad to hear my colleague on the other side of the aisle recognize that lowering taxes, be them payroll taxes, income taxes, or whatever taxes you want to refer to, lowering taxes is a job creation policy initiative that should be supported by both sides of the aisle. Now, I'm concerned about the payroll tax cut that is continued in this payroll tax bill today because these are the revenue sources for Social Security. But I have come to the conclusion that allowing all Americans to keep more money in their pocket, rather than allowing it to come to Washington, D.C. and to fuel the beast that has been created here in Washington and that is causing the national debt crisis that we now face and the out-of-control spending of Washington, I believe allowing Americans to keep more money in their pocket is a better policy position to take once and for all. And so I support the extension of the payroll tax rate where it is at. This is not the time, in this economic climate, to take money out of hardworking American families and small businesses and their financial resources that they have to work on as they go forward putting people back to work. So I support the extension of the payroll tax cut.…
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Jack Reed
Democratic · Rhode Island

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