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Just now in the U.S. Senate


By U.S. Senator Debbie Stabenow
Thursday, December 8, 2011

Just a few minutes ago, Senate Republicans once again voted to block a middle-class tax cut and instead to raise taxes on middle-class families. If Congress doesn't pass a bill this month, a 2% payroll tax cut for the middle class will expire at the end of the year.

I am a cosponsor of the bill we voted on this afternoon. Our bill extends and expands the tax cut, putting an average of $1,400 in the pockets of Michigan taxpayers next year.

Republicans are blocking the bill because it would impose a 1.9% surcharge on individuals whose incomes are higher than $1 million per year. This surcharge ensures that the Social Security Trust Fund is completely reimbursed for any lost revenue from the payroll tax cut.

Let me be clear: Republicans are opposing a tax cut that would put $1,400 into the pockets of middle-class families in Michigan because they want to protect millionaires and billionaires from paying their fair share.

With their vote today, Republicans once again have chosen to make working families pay more to protect millionaires. Once again, they have put partisanship ahead of doing the right thing for our economy.

People making a million dollars a year are doing just fine. I'm going to keep fighting for middle-class tax cuts because it's high time Michigan families got a break.

Sincerely,
Debbie

P.S. If you haven't already, I encourage you to sign the petition to cut taxes for middle-class families. Better yet, please share this with your friends. Let's show the Republicans how important this is for Michigan families.

www.stabenowforsenate.com/payrolltaxcut