For Immediate Release
December 2, 2010 |
|
|
FOR MORE INFORMATION:
Hilarie Chambers
Office: 202.225.4961
|
|
House Passes Middle Class Tax Relief Package |
|
| |
|
|
(Washington D.C.)- The House of Representatives took a critical step toward providing tax relief and economic certainty to middle-income families today by passing the Middle Class Tax Relief Act of 2010. Provisions included in the legislation would extend expiring tax relief targeted to middle-income families.
“Today the House took a critical step forward for hardworking middle-income families in need of economic certainty and security,” said Ways and Means Committee Chairman Sander M. Levin (D-MI). “Republicans wanted to keep middle-income tax cuts hostage, to combine them with tax cuts for the wealthiest few, but today we freed millions of middle-income families from this hostage situation. This bill is about one thing – tax cuts for people and businesses struggling to rebuild in the wake of a recession. Provisions in this bill will lower taxes for every American taxpayer and small business to help them grow and create jobs.
“Today the House did the right thing and stood up for those families and businesses and I urge my colleagues in the Senate to follow suit and pass this tax relief immediately.”
Please click here for a comprehensive summary of the legislation.
Please click here for the legislative text of the Middle Class Tax Relief Act of 2010.
Please click here for estimated revenue effects provided by the non-partisan Joint Committee on Taxation.
(####)
|
|
|
|
|
