[Congressional Record Volume 158, Number 116 (Wednesday, August 1, 2012)]
[House]
[Pages H5537-H5538]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                         MIDDLE CLASS TAX CUTS

  (Ms. McCOLLUM asked and was given permission to address the House for 
1 minute.)
  Ms. McCOLLUM. Madam Speaker, House Democrats and President Obama are 
fighting for families by working to extend middle class tax cuts that 
will benefit 98 percent of Americans. Our plan will put $2,200 in the 
pockets of an average family next year. That's money that can be spent 
by your family on your family's needs. That money will help Minnesota 
businesses grow and hire employees in St. Paul, Roseville, and Oakdale.
  But House Republicans refuse to extend tax cuts for the middle class 
unless millionaires and billionaires get an extra tax cut. It's wrong 
to borrow $50 billion from China so millionaires and billionaires can 
get an extra tax cut of $160,000.
  The Bush tax cuts for the superwealthy built a mountain of debt and

[[Page H5538]]

failed to strengthen the economy. The Bush years proved that the 
Republican love affair with tax cuts for the superwealthy are a 
wasteful handout. They failed to create jobs.
  The American economy is strong when the American middle class is 
strong. I urge my colleagues to vote for the Democrats' middle class 
tax cuts.

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