Tonight, the U.S. House of Representatives passed the American Taxpayer Relief Act of 2012 (H.R. 8) by a vote of 257 to 167. This bipartisan bill extends middle-class tax cuts, protects seniors' access to doctors, extends unemployment benefits, and ensures continued investment in economic growth. U.S. Rep. Allyson Schwartz (PA-13), a returning member of the Ways and Means Committee in the 113th Congress and a senior member of the House Budget Committee, voted in support of the measure.
"Action today means we kept our promise to 47 million seniors by preventing a drastic 27 percent cut to physicians who care for Medicare beneficiaries.
"However, this agreement does not in any way relieve us of our responsibility to permanently repeal the broken Sustainable Growth Rate and replace it with a new payment system that would contain costs and ensure better care for seniors.
"We must commit ourselves to full repeal during this next year, before the perennial threat of cuts at year's end, and set in place a new payment system that contains costs and rewards quality, efficiency and improved outcomes."