Congressman Lee Terry (R-NE) today voted for the Middle Class Tax Relief and Job Creation Act of 2011 (H.R. 3630), that passed the House of Representatives by a vote of 234 to 193. Rep. Terry's NAMES Act (H.R. 1938) provided the basis for the Keystone language that was embedded in the Act. Additionally, Rep. Terry authored the Act's flood insurance language.
The Act advances numerous measures that will result in American private sector job creation, including expediting the Keystone XL energy pipeline, in order to deliver upwards of 20,000 direct construction and hundreds of thousands of pipeline 'support' industry jobs to those Americans in need.
The Middle Class Tax Relief and Job Creation Act of 2011 includes varied Medicare, tax, welfare, and unemployment insurance provisions and program extensions, all aimed to alleviate economic stresses on middle income Americans and decrease unemployment. Amongst the provisions are the protection of Social Security, and extensions of both current payroll tax and pro-growth tax relief for American businesses of all sizes. Additionally, every aspect of the Act is accounted for by spending cuts, rather than tax increases.
"This is a jobs bill, plain and simple. It will create jobs for many Americans who need them badly, and it will give the American middle class a well-needed helping-hand through these difficult economic times -- without plunging us further into debt," Terry said.