[Congressional Record Volume 156, Number 159 (Monday, December 6, 2010)]
[Senate]
[Page S8553]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                TAX CUTS

  Mr. NELSON of Nebraska. Mr. President, Nebraskans want both 
Republicans and Democrats to work out a bipartisan plan soon that will 
extend all, or nearly all, of the income and other tax cuts which 
expire on December 31, 2010. In today's votes, I opposed the first 
amendment because it would raise taxes for a number of small businesses 
in Nebraska and nationwide, penalizing the best job creators in our 
economy. I supported the second amendment extending the tax cuts for 
most taxpayers because it won't affect most small businesses.
  I believe that any revenue generated by ending tax cuts for some 
Americans should go not for new government spending but to pay down the 
nearly $14 trillion debt. Debt reduction is essential for all 
Americans' economic future, and for our Nation to remain the leader of 
the free world. I will continue pushing for extending all of the tax 
cuts to provide the certainty, clarity, and continuity we need to get 
our economy going strong again. I hope the Senate will come together 
soon to pass major tax cuts.

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