Today, Congressman Sires issued the following statement on the middle class tax relief package:
"Should the Senate, as anticipated, vote in favor of the tax package, I would encourage my colleagues in the House to move ahead and pass the legislation as soon as possible. While not perfect, this compromise represents the most realistic path forward to ensuring that middle class Americans do not see an increase in their taxes come January 1.
"In addition to the tax relief that it will provide to the 96 percent of New Jerseyans making under $250,000, this proposal also represents the best opportunity in the foreseeable future for assisting the millions of laid off workers through a 13 month extension of unemployment benefits; given that the holiday season is upon us, this relief could not come at a better time. The two percent payroll tax cut will also be a vital component of our economic recovery over the next year by placing money back in the pockets of workers to infuse money into the economy.
"Additionally, this package extends important tax credits for American families, including the Child Care Tax Credit and the Earned Income Tax Credit, as well as the American Opportunity Tax Credit to help make college more affordable. Finally, I strongly support provisions in the bill that provide tax relief for transit riders, as well as provisions that incentivize clean energy. At the end of the day, middle class Americans cannot afford for this package to fail, and for that I urge immediate action."