Today, Congressman Joe Donnelly released the following statement after the House of Representatives passed H.R. 3630, The Middle Class Tax Relief and Job Creation Act of 2012, which will extend the payroll tax cuts for working- and middle-class families through the end of the year.
"I voted to extend the payroll tax cut to prevent an increase in taxes for hard-working Hoosier families," said Donnelly. "I know how important this tax cut is to Hoosier families. It's used for car payments, mortgage payments, or groceries--it matters to working- and middle-class families. Inaction would have increased taxes on working families. I'm pleased that Democrats and Republicans worked together in a bipartisan way to reach this common-sense agreement on behalf of working- and middle-class families."
The payroll tax cut, which was extended in December of 2011, was set to expire on March 1, 2012. H.R. 3630, The Middle Class Tax Relief and Job Creation Act of 2012, passed with bipartisan support in the House by a vote of 293 to 132, and in the Senate by a vote of 60 to 36, and will now go to the president for his signature.