Today, Representative David Price (NC-04) joined House Democrats in a coordinated social media push aimed at pressuring House Republicans to #DoTheRightThing and pass legislation, already approved by the Senate, extending middle class tax cuts for families and small businesses. Republicans have refused to pass legislation that does not extend tax breaks for the wealthiest Americans.
Joining @HouseDemocrats calling on GOP to #DoTheRightThing. Extend the middle class tax cuts now #fiscalcliff #ncpol
House GOP should join @HouseDemocrats to pass an extension of middle class tax cuts, not hold them hostage. #DoTheRightThing #ncpol
Rep. Price believes that tax cuts for middle class Americans should be extended, and tax breaks on income earned over $250,000 a year should be allowed to expire as a part of a deficit reduction agreement addressing the fiscal cliff. Last week, Rep. Price joined 179 members in signing a discharge petition to force a vote on a bill extending middle class tax cuts. The petition, which would require 218 signers to force action on the bill, was initiated by Rep. Tim Walz (D-MN).
"Simpson-Bowles sets a target of $4 trillion in deficit reduction in order to stabilize the debt and get deficits under control," Rep. Price said. "Approximately $1.5 trillion in domestic and defense spending cuts are already 'in the bank.' I believe a balanced approach allows tax breaks on earned income over $250,000 a year to expire to generate revenue and reduce the deficit. Cutting $4 trillion only from programs that invest in our people and help middle class Americans isn't consistent with our priorities and values."