|Kathy: Against Tax Cuts For Millionaires|
|Written by Glenn Gramigna, Editor|
HOCHUL VOTES TO EXTEND TAX RELIEF FOR MIDDLE CLASS FAMILIES
WASHINGTON, D.C. – Today, Representative Kathy Hochul (NY-26) voted to preserve and extend middle class tax cuts to all Americans on the first $250,000 of earned income. This bill would provide tax relief and prevent a tax increase of about $2,200 on working families and small businesses in Western New York.
“At a time when our national debt is approaching $16 trillion, the House leadership has insisted on passing an irresponsible plan to add $1 trillion to the debt to pay for additional tax cuts for millionaires. This extra trillion puts us in even greater debt to the Chinese. Instead, I supported an alternative that would provide tax relief to middle class families and small businesses, while requiring the wealthiest top 2% to pay the same tax rates they paid during the economic boom of the 1990s,” Rep. Hochul said.
“If we are going to effectively address our nation's fiscal challenges, we need a balanced approach that requires meaningful cuts to government spending and the wealthiest Americans to pay their fair share. That is why I have worked with my colleagues on both sides of the aisle to support a balanced budget amendment and to cut $2.4 trillion in deficit spending. It’s also why I supported cuts to wasteful spending, such as aid to Pakistan. There is still work to be done to protect middle class families and reduce the deficit, and I will continue to work with both Democrats and Republicans to find ways to accomplish that goal.”