[Congressional Record Volume 156, Number 166 (Wednesday, December 15, 2010)]
[House]
[Pages H8357-H8358]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                 VOTING ON THE PRESIDENT'S TAX PROPOSAL

  (Mr. COHEN asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. COHEN. Madam Speaker, we will probably be voting on the 
President's

[[Page H8358]]

tax proposal this week--a very difficult vote. I really don't know how 
I'm going to vote.
  On the one hand, I see the benefit of getting timely temporary and 
targeted relief to people, which helps the economy with unemployment 
compensation, unemployment compensation that is most needed for the 
people of the purple hearts of this Bush recession.
  On the other hand, I see the money going to the upper 2 percent--the 
millionaires and billionaires--who will get $700 billion over 10 years, 
which will put a deficit on our children and grandchildren for years to 
come--something we can't afford. When it comes time to affording it on 
reckoning day, it's going to hurt people getting Social Security, 
Medicare and Medicaid, and that's something I can't see.
  The estate tax will benefit 6,600 families, to the tune of $25 
billion, and I see that as wrong, too; but I understand the need to 
stimulate the economy and to get middle class tax cuts to the people 
earning less than $250,000.
  I ask my constituents to contact me at www.Cohen.house.gov. Let me 
know what you think.

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