[Congressional Record Volume 158, Number 116 (Wednesday, August 1, 2012)]
[House]
[Page H5536]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
MIDDLE CLASS TAX CUT
(Mr. CICILLINE asked and was given permission to address the House
for 1 minute.)
Mr. CICILLINE. Madam Speaker, now is the time for Congress to stand
up for middle class families. I urge my Republican colleagues to
abandon their plans to hold middle class tax cuts hostage to their
demands for another tax cut for millionaires and billionaires and to
pass a balanced tax plan, such as that contained in H.R. 15 that
extends tax cuts for 98 percent of all Americans and 97 percent of
small businesses.
If Congress fails to act, an estimated 400,000 families in Rhode
Island could face an average tax increase of $1,600. The Republican tax
proposal will end the expanded earned income tax credit and expanded
child tax credit and eliminate the American opportunity tax credit. In
my State of Rhode Island, it's estimated that more than 100,000
families would lose an average of $1,000 in 2013 if the child tax
credit expansion is allowed to expire.
The Republicans' misguided plan would protect tax cuts for the
wealthiest, while effectively raising taxes on 25 million lower- and
middle-income Americans. I urge my colleagues to support a balanced
plan that protects the middle class, strengthens our small businesses,
and strengthens our economy.
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