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Extend Tax Cuts for the Middle Class

Floor Speech

Date: July 28, 2010
Location: Washington, DC
Issues: Taxes

Mr. WILSON of South Carolina. Mr. Speaker, it's time to give hardworking Americans incentives to invest in order to create jobs and grow the economy. We must also protect middle class Americans from significant tax hikes that are headed their way. Contrary to liberal claims, these are not tax hikes only on the wealthy.

The picture isn't pretty if these tax hikes go into effect. If you're a family of four and your income is $50,000 a year, you could pay $2,100 in additional taxes; if you're married as a senior citizen earning $40,000 a year, you could pay $1,400 in higher taxes; a single mom making $36,000 a year could end up paying $1,100 in new taxes.

Hardworking middle class Americans across the country cannot afford an attack on creating jobs. The Federal Government cannot pay off America's debt by higher taxes.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.


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