[Congressional Record Volume 156, Number 154 (Tuesday, November 30, 2010)]
[House]
[Page H7649]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         MIDDLE CLASS TAX CUTS

  (Ms. WATSON asked and was given permission to address the House for 1 
minute.)
  Ms. WATSON. Madam Speaker, standing in our way are those who will be 
holding the middle class hostage in favor of giving added tax breaks to 
millionaires and billionaires, even though the bonus tax breaks would 
add $700 billion to the national debt.
  Ninety-eight percent of Americans face a tax increase January 1. For 
the typical middle class American family, that can mean the loss of 
$2,000 next year. The Republicans' demands would mean that those making 
more than $1 million a year would receive an average cut of $100,000 
annually, and the middle class would be saddled with $700 billion in 
new debt to pay for the multi-million dollar tax cuts for billionaires. 
But that is the exact policy choice congressional Republicans would 
have us make, citing concerns about the deficit when it comes to 
American families, but not when it comes to tax cuts for the wealthiest 
few.

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