Statement on HR 4853, the Middle Class Tax Relief Act of 2010
December 2, 2010
Today I voted for HR 4853, legislation which ensures the continuation of many of the Bush tax cuts. If no action had been taken by this Congress, all Americans would have had to pay higher income, dividend, and capital gains taxes beginning on January 1, 2011. While I would have preferred that the current lower tax rates remain in place for all Americans, the fact is that a tax cut for most people is better than a tax increase on everyone. I will always vote to lower taxes at all levels, and I will never vote for tax increases. The passage of this bill will result in the overwhelming majority of Americans paying lower taxes next year than they otherwise would have.