Tax Cut Proposal

Floor Speech

Mr. PAYNE. Madam Speaker, I, along with many of my Democratic colleagues, continue to fight for economic priorities for middle class Americans and for provisions that will create jobs and grow the economy. However, the tax proposal announced by the President calls for sharp differences in the policies and priorities of the Democratic and Republican parties.

For instance, the Democrats continue to fight to maintain tax cuts on incomes up to $250,000 per couple and $200,000 per individual, while Republicans continue to demand tax cuts for all incomes, including millionaires and billionaires.

The Democrats also strongly support the extension of unemployment benefits to help out-of-work Americans make it through the recession, while the Republicans are willing to hold the middle class and the unemployed hostage to benefit the wealthy.

The Democrats are championing the needs of low-income families by fighting to extend the child tax credit and the earned income tax credit. In addition, we are fighting to continue the college tuition tax credit to help students or working class families afford college.

Madam Speaker, I urge my colleagues to support a tax cut proposal that will benefit our working class families and grow the economy.

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