As we near the end of the year, I am urging Congress to take action on a big and balanced deficit reduction plan to prevent the fiscal cliff and replace automatic budget cuts that are set to take effect on January 1st. But as we continue to negotiate a balanced deal, we should take action on areas where we already have agreement.
If we do not extend middle class tax cuts, a typical Fifth District family of four will see a $2,200 tax hike next year. No one believes that Maryland middle class families and small businesses should see their taxes go up at the end of the year, but House Republicans have refused to take action. The Senate has already passed a bipartisan bill to extend middle class tax cuts, and 182 Democrats have signed a petition to bring legislation to extend the middle class tax cuts to the Floor of the House of Representatives for a vote. I am urging both parties to do the right thing and work together so that we can prevent a tax increase on families and small businesses in Maryland and across the country.
I’d like to hear from you on this important issue. Please visit my Facebook page where I’ve posted the question “What does this tax cut mean to you and your family?” and respond by commenting below.