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Public Statements

Extending Tax Cuts

Floor Speech

Location: Washington, DC

Mr. UDALL of Colorado. Mr. President, I would like to associate myself with the majority leader's remarks. We do need to extend the tax cuts for the middle class as soon as possible. That is clearly the message the American people sent on November 6 in the nationwide election we held.

I also wish to respond to the comments and the conversation between the two leaders over the debt ceiling limit. It is important to recognize that when we raise the debt ceiling, all we are doing is keeping faith with what Congress has already appropriated, what Congress has already made clear we would spend on behalf of our country in all the various ways the Federal Government operates. We cannot afford to have a situation such as we had August before last where we dallied and literally shot our economy and ourselves in the foot by not extending the debt ceiling. We saw the rating agencies lower our national rating for the first time in history. There is a way to do this, to have a mechanism in place so we never again get in a situation where the debt ceiling becomes a point of contention and literally hurts our economy.

So, again, I want to say that the majority leader is on track. Let's extend these middle-class tax cuts right now and bring some certainty and help our economy grow. The majority leader is on point when he shared the numbers. I think we have seen about 5 million jobs created after approaching literally the great recession when President Obama first took office. So let's get that job done.

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