Today, Congressman John W. Olver voted for H.R. 3630, the Middle Class Tax Relief and Job Creation Act. The conference agreement represents a compromise to extend the payroll tax cut for the remainder of 2012 while rejecting damaging offsets included in the initial House Republican bill, which passed in December 2011.
"I am pleased that we are giving working families much-needed economic relief as they continue to plan for the future," said Congressman Olver.
"Extending the payroll tax cut and federal unemployment benefits will provide support for millions of Americans who continue to struggle in this economic climate."
"I hope that the bipartisan compromise reached today will lead to future efforts to support our middle class and keep our economy growing," added Congressman Olver. "Investment in infrastructure, manufacturing, and clean energy would provide employment opportunities in the short-term and lead to long-term sustained economic growth."
H.R. 3630 passed by a vote of 293-132 and was subsequently passed by the Senate. The bill will now go to the President to be signed into law.