[Congressional Record Volume 156, Number 155 (Wednesday, December 1, 2010)]
[House]
[Pages H7762-H7763]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                           MIDDLE CLASS TAXES

  (Ms. EDDIE BERNICE JOHNSON of Texas asked and was given permission to 
address the House for 1 minute.)

[[Page H7763]]

  Ms. EDDIE BERNICE JOHNSON of Texas. Mr. Speaker, middle-income 
families are the backbone of our economy, and that is why we should not 
wait any longer to vote on extending tax cuts for middle-income 
families. Extension of these taxes have been held hostage by the 
discussion of whether to extend the rates for the wealthiest Americans.
  Ninety-eight percent of Americans face a tax increase January 1. For 
the typical middle-income American family, that would be the loss of 
$2,000 a
  year. The Republican demands would mean that those making more than a 
million dollars a year would receive an average of $100,000 annually, 
and the middle-income would be saddled with the $700 billion in new 
debt to pay for the multimillion-dollar tax cut for billionaires.
  The billionaires' lifestyles will not change, and no significant jobs 
will be created. If they were going to be, they would be now.
  I am committed to continuing tax cuts for middle-income families on 
incomes up to $250,000.
  Mr. Speaker, I favor jobs. Tax cuts for the rich will change nothing, 
but it will increase the deficit.

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