Yesterday, Congresswoman Carol Shea-Porter voted for H.R. 4853, the Middle Class Tax Relief Act of 2010, a bill to extend the 2001 and 2003 Bush Tax Cuts for middle class families. The bill would ensure that 97% of Americans continue to receive the tax cuts that were enacted in 2001 and 2003. The bill would not extend the costly tax cuts above $250,000.
“Everyone gets a tax cut up to $250,000, even the wealthiest Americans, but lower and middle class families truly need these tax cuts. This bill adds to the debt, but costs $700 billion less than the Republican proposal.” said Shea-Porter.