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Senate Votes to Preserve Middle-Class Tax Relief


Location: Unknown

"The Senate has taken an important step toward ensuring that middle-class families do not face a tax increase at the end of this year, and in the process, has dealt a blow to a failed policy that emphasized tax cuts for the wealthiest Americans as the cure for our economy. The Senate voted to approve legislation to prevent a tax increase on taxpayers making $250,000 a year or less. Some of my Senate colleagues had opposed this legislation, saying they would prevent it from coming to a vote unless we included the wealthiest 2 percent of taxpayers, those making more than $250,000. In the end, those senators ended their obstruction. The Senate rejected a plan that would have continued tax cuts for the wealthy and approved the bill I supported to prevent an end-of-the-year tax increase on middle-class families."

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