Congresswoman Donna F. Edwards (MD-4) released the following statement today on House Republicans' refusal to pass a middle class tax cut extension on income up to $200,000 for individuals and $250,000 for joint-filers. The measure was identical to a proposal passed by the Senate last week, but was defeated in the House by a vote of 170-257.
"Republicans are holding hostage tax cuts for 98 percent of Americans so the wealthiest 2 percent can continue to receive an average tax cut of $160,000. At a cost to the deficit of $50 billion next year, $930 billion over 10 years, Republican insistence on extending tax cuts for the wealthiest at the expense of middle class families is inexcusable. Let's be clear: Republicans today stated definitively that it is more important to increase taxes on 114 million middle class families, including 2.2 million in Maryland, instead of asking the wealthy to pay their fair share. In our current fiscal climate, today's vote by Republicans was stunning. Democrats remain committed to extending the middle class tax cuts, and it is my hope that Republicans join us before it is too late."