Loebsack: Brinksmanship Leads to Tax Increase for Iowans

Press Release

Congressman Dave Loebsack released the following statement today regarding the House Republicans vote against the bipartisan Senate compromise to extend the pay roll tax cut. If the tax cut is not extended by December 31st, a typical American family making $50,000 a year will see their taxes raised by $1,000.

"Today's votes demonstrate, once again, that the cycle of political games and finger pointing trumping the interests of working Iowans is never ending. The House Republicans' refusal to reach any reasonable compromise requires a short term extension to avoid a tax increase for working Iowans. Unfortunately, cooler heads did not prevail and legislation guaranteeing Iowans would not see a tax increase come January 1st was defeated because of politics.

"As one of only six members of the entire House of Representatives who bucked the leaders of both parties to support putting the paychecks of working families ahead of politics, I have demonstrated my willingness to compromise. Congress must end these games and support middle class families. This holiday season, the American people cannot afford a $1000 tax increase and I have called on Speaker Boehner to keep the House in session until this crisis is averted."

Earlier today, Loebsack wrote to House Speaker John Boehner, calling on him to keep the House in session until the payroll tax cut, Medicare reimbursements and unemployment insurance are extended.

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