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Stabenow praises passage of middle class tax cut
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- By Cullen Schwarz
- Friday, February 17, 2012
- Hits: 275
U.S. Sen. Debbie Stabenow today issued the following statement on Senate passage of legislation to cut payroll taxes for middle class families that will save the average Michigan family about $1,000 in 2012.
"It was critically important that Congress come together to extend this tax cut for middle class families. This vote will prevent the average Michigan family from seeing their taxes increase one thousand dollars at a time when many can least afford it. A thousand dollar tax hike on middle class families would have been a tremendous blow to our economy just as Michigan is beginning to see things turn around."
Along with cutting middle class taxes, the package passed today also continues emergency unemployment insurance benefits for laid off workers, but it reduces those benefits per Republican demands. Emergency federal benefits would have ended had Congress done nothing. Today's cuts will hit unemployed families in Michigan harder than other states because these cuts in federal benefits are based on each state's base benefit and because the Michigan legislature cut state benefits to the lowest in the country last year.
"While it is important that we were able to continue emergency benefits for families struggling with unemployment through no fault of their own, I am deeply concerned that Republicans insisted on reducing those benefits. Michigan is coming back but still has one of the higher unemployment rates in the country. It is just not right that out-of-work people in our states are facing more cuts than those in other states," Stabenow said.
The payroll tax extension and extended unemployment provisions also passed the House of Representatives today. The president is expected to sign the package.
(Note: This report is provided as a service to our readers and a service to the group or individual mentioned in the release. Usually, only minor editing is done. The group or individual is responsible for all information provided.)
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