Katie Grant, 202-225-3130
WASHINGTON, DC - House Democratic Whip Steny H. Hoyer (MD) made the following statement today on the Republican tax bill that protects the wealthiest in the country:
“The tax legislation introduced by House Republicans today shows that their priority is protecting tax cuts for the wealthiest 2% and that they are willing to hold tax cuts for the middle class hostage unless they have their way. The Republican bill is a far cry from what most Americans and small businesses are asking for: an extension of rates on income below $250,000, which will cover 98% of families and 97% of small businesses.
“Extending tax cuts for the middle class is something Democrats and Republicans agree on, and it is something that ought to pass both houses of Congress easily. It is very unfortunate that House Republicans continue to insist on ‘my way or the highway’ when it comes to protecting the very wealthy. It is even more disappointing that their proposal would raise taxes on 25 million working families – adding insult to injury for those still struggling in a tough economy while Republicans continue blocking legislation that would create jobs and give our economy a boost.
“I urge Speaker Boehner and Republicans to bring to the Floor a bill that extends the middle-class tax cuts, which the President can sign immediately and end the uncertainty so many American families and small businesses face. That is the kind of tax legislation we need, not another Republican proposal that will drive up deficits and disproportionately benefit the very wealthy.”