[Congressional Record Volume 157, Number 181 (Tuesday, November 29, 2011)]
[Senate]
[Pages S7937-S7938]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
MIDDLE-CLASS TAX CUTS
Mr. REID. The Senate Democrats' No. 1 priority of this Congress is to
pass commonsense legislation; for example, tax cuts and infrastructure
investments, all these ideas we have to put Americans back to work and
revive our economy. The Republicans in the House, on the other hand,
are focused on gutting the safeguards to keep our air clean, make
workplaces safe, and check the greed of big Wall Street firms.
Never mind that wholesale destruction of measures which save millions
of lives and trillions of dollars each year have no chance of passing.
Never mind that nonpartisan experts and economists on both sides of the
aisle say the so-called jobs agenda will not create a single job. House
Republicans have complained we have not taken up and passed these
policies, which would risk American lives while doing nothing to
improve our economy. They insist we should waste weeks or months on
legislation that is both dangerous and proven to fail.
But the Senate has too much work to do on legislation that would
create jobs without risking American lives to waste time on these
ineffectual, purely partisan measures. Our jobs agenda was designed to
create jobs, not headlines.
In any case, the Senate has passed its own share of legislation--40
pieces, in fact--that have yet to be taken up by the House Republican
leaders. The Senate has passed legislation that would
[[Page S7938]]
stop China from cheating American workers by manipulating its currency,
evening the playing field for American exporters and saving jobs.
We passed a bill to modernize the air travel system. The FAA
reauthorization is so important, creating hundreds of thousands of jobs
but would also keep passengers safer and save money on travel time.
We passed a measure that would protect lives by keeping our foods
safe from contamination. The House Republicans are refusing to take up
these, period. The House Republicans blocked many reasonable jobs
proposals with a proven track record of success. They are simply too
busy rooting for our economy to fail and pursuing an extreme social
agenda to work with Democrats to create jobs. That will not stop the
Democrats from doing everything in our power to get the economy back on
track. That is why Senator Casey has worked to put money back into the
pockets of middle-class workers and small businesses by extending and
expanding the payroll tax cut.
This legislation cuts taxes for 160 million American workers, saving
the average family $1,500 each year. Those families will have more
money to spend on their local economy, grocery stores, pharmacies, and
giving communities across the country a financial shot in the arm.
The proposal would give payroll tax cuts to businesses, including
50,000 businesses in Nevada. More than 1.2 million Nevada workers would
benefit from the payroll tax cut this year. Under our proposal, they
will get even greater tax relief next year.
Payroll tax cuts have been a boon to the economy in every State in
the Nation. In Kentucky, for example, the home of my friend the
minority leader, 2.1 million workers took home $1.2 billion in payroll
tax cuts this year alone. That is why the minority leader said in 2009
that a payroll tax cut ``would put a lot of money back in the hands of
businesses and in the hands of individuals.'' The average Kentucky
family will keep $1,330 of their hard-earned money next year under our
expanded payroll tax credit, and 70,000 firms in Kentucky will benefit
from these tax cuts.
Senator McConnell said in 2009: ``Republicans, generally speaking,
from Maine to Mississippi, like tax relief.'' Yet the Republicans
already appear poised to block this legislation.
Let's be clear on what a ``no'' vote on this proposal means. It is a
vote to deny tax relief to millions of businesses. It is a vote to
raise taxes for 120 million families by nearly $1,000. The Republicans
who vote no will literally be taking money out of the pockets of
middle-class families.
Once upon a time, Republicans rushed to cut taxes, regardless of
which tax cut it was and whether it added trillions to the deficit. For
example, the Bush tax cuts that we hear so much about added trillions
of dollars to our deficit--and it is obvious what was going on during
the Bush cuts--and now these tax cuts have not created jobs that amount
to anything. Today, they are lining up against a new tax cut, my
Republican friends, to put money back in the pockets of the middle
class, ensure that businesses have more cash to hire new workers and
get our economy moving immediately.
I hope Republicans will now start working with us to pass a tax cut
for 160 million American workers and nearly every business in America.
As my friend the Republican leader said: ``Republicans, generally
speaking, from Maine to Mississippi, like tax relief.'' I hope they
remember what the Republican leader said time and time again.
Will the Chair announce the business for the day.
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