Statement of Congresswoman Tammy Baldwin on President Obama's Call for Congress to Extend Middle Class Tax Cuts Now

Statement

As we continue to work on moving our economic recovery forward, I support President Obama's call to extend tax cuts for the middle class and small businesses. By acting now to extend the tax cuts for the 98 percent of Americans who make less than $250,000 for another year, we can prevent the typical middle class family of four from facing a $2,200 taxes increase at the end of this year.

I also believe that everyone needs to pay their fair share and that is why I have taken the lead in the House to advance the "Buffett Rule," legislation that requires people with incomes over a million dollars a year to pay at least the same tax rates as the middle class.

Despite widespread agreement on extending these tax cuts for the middle class and small businesses, Republicans continue to hold these tax cuts hostage to demands for extending fiscally irresponsible tax breaks for big corporations and the wealthy that we cannot afford if we are serious about reducing our deficit. It is time for Congress to come together and act for middle class families and small businesses that will continue to fuel our economic recovery.

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