Rep. Bruce Braley (IA-01) released the following statement today regarding the American Taxpayer Relief Act, bipartisan legislation passed by the US Senate early this morning that would extend tax cuts for millions of Americans and address the so-called "fiscal cliff":
"While it's far from perfect, the bill passed by the Senate early this morning is good for Iowa's middle class and our economy. I would support it in its current form, and Speaker John Boehner should end the political games we're all so sick of and bring it before the House for an immediate vote.
"The legislation would cut taxes for over 99 percent of Iowans, help keep food and milk prices low by renewing the Farm Bill for nine months, encourage Iowa investment by extending the wind energy production tax credit, help more children find loving homes by permanently extending the adoption tax credit, keep doctors practicing in Iowa by preventing a cut in Medicare reimbursements, and reduce the cost of college tuition for Iowa families. For the first time in 20 years, Congress will have acted on a bipartisan basis for significant new revenue, resulting in the most progressive tax code in decades.
"These are priorities I've been working on for years. Like all Americans, Iowans want Congress to come together to begin addressing the big challenges facing our country. This bill gives us a chance to prove that Congress is up to the challenge."