[Congressional Record Volume 156, Number 154 (Tuesday, November 30, 2010)]
[House]
[Page H7650]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX INCREASES LOOM
(Mr. BUTTERFIELD asked and was given permission to address the House
for 1 minute.)
Mr. BUTTERFIELD. Madam Speaker, 98 percent of American families face
a tax increase on January 1, 2011. That's right; 98 percent. Democrats
are prepared this week to prevent that from happening. Our recovery
demands keeping as much income as possible in the hands of those who
need it the most--America's middle class. By extending the middle class
tax cuts, we can protect American families and strengthen our economy.
But with a national debt already exceeding $13 trillion, we simply
cannot afford to borrow $700 billion needed to cut taxes for the 2
percent richest families in America. It is also important to remember
that the richest Americans would still receive substantial tax cuts on
the first $250,000 of their income.
This is not class warfare. I urge my colleagues to support permanent
tax cuts for America's middle class. Don't hold the tax cuts hostage to
help 2 percent of America's families.
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