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Public Statements

Tax Cuts for Millionaires

Floor Speech

Location: Washington, DC

Ms. SHEA-PORTER. Madam Speaker, Republicans are holding tax cuts for the middle class hostage as they try to extend tax cuts for millionaires. They say letting tax cuts for the very wealthy expire will hurt small businesses. It is just not true. Ninety-seven percent of small businesses would see no tax increase under the Democratic plan. If the Republicans think they are talking about small businesses, they are truly out of touch.

While they stand in the way of unemployment benefits for millions of Americans still reeling from the crisis Wall Street and the previous administration created, they are doing everything they can to give huge checks to millionaires. This is just one more example of who the Republicans are really watching out for.

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