Urges bipartisan cooperation on extending middle class tax cut
Washington, DC - Rep. Bruce Braley (IA-01) released the following statement after supporting an agreement on a bill that funds US government operations through 2012:
"It's disappointing that Congress failed to do its job for months and didn't pass a bill to keep the government operating until today. I'm relieved that there won't be a government shutdown for the holidays.
"The political jockeying over extending the middle class payroll tax cut needs to stop. Extending the middle class tax cut is simply the right thing to do. This tax cut has everything to do with strengthening the economy; it shouldn't have anything to do with Republicans or Democrats scoring political points. I urge Congressional leaders to put their differences aside and extend these vital tax cuts for Iowa families."
Extending the middle class Social Security payroll tax holiday for an additional year would mean an average Iowa family making $50,000 per year would save $1,000 on their taxes.
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