Congressman Gregory W. Meeks (NY-6), senior member of the House Financial Services Committee released the following statement today, on President Barack Obama's call to extend the middle class tax cut:
"This week, President Obama called for a sweeping tax cut for Middle Class America. His plan, which would provide a permanent tax cut to 98% of Americans, carefully balances the needs of American families with fiscal discipline for our economy. I wholeheartedly support this path, as it is the most responsible tax plan to move our country forward.
"Unfortunately, Congressional Republicans have made clear that they will block that relief for Middle Class workers if they are unable to also extract more than $1 trillion in cuts for the wealthiest 2%. That plan is not only fiscally irresponsible; it will do little to benefit our broader economy while plunging our country deeper into debt. It is no wonder some have called the Republican plan the "Help Paris Hilton Plan.'
"I hope the Republicans will work with Democrats to support the Middle Class in a responsible manner, and not hold tax cuts for 98% of Americans hostage to protect the Paris Hiltons of the world."