Congressman Adrian Smith (R-NE) issued the following statement after voting in favor of H.R. 8, which would prevent the largest tax hike in American history when the current rates expire at the end of the year. Tomorrow, the House is expected to pass H.R. 6169, which would provide an expedited process for comprehensive tax reform in 2013. Congressman Smith, a member of the Committee on Ways and Means charged with rewriting the tax code, is an original co-sponsor of both bills.
"To prevent immediate harm to Nebraskans and the national economy, I voted to stop the largest tax hike in American history. At a time when our economy is still struggling to recover, it is simply unacceptable to allow massive tax increases to hit Nebraskans, our agricultural producers, and small businesses. It is my hope the President and Senate will act and support this bipartisan bill and spare all Americans from higher taxes next year."