Congresswoman McCollum Rejects Tax Cut Compromise

Press Release

Congresswoman McCollum voted against the President Obama/Republican tax cut compromise last week as she said she would when the plan was announced. Although this compromise will extend unemployment benefits for 13 months for millions of Americans, as well as the middle class tax cuts, it will also grant additional tax breaks for America's wealthiest individuals. It also provides special tax giveaways such as $40 million for NASCAR race tracks and $235 million for rum producers in Puerto Rico and the Virgin Islands. This deal will add $858 billion to the federal deficit over the next two years.

"To keep the economic recovery on track and meet the needs of struggling American families, I do support extending middle class tax cuts and unemployment insurance," said Congresswoman McCollum. "But Republicans in Congress held these priorities hostage until millionaires and billionaires, along with special corporate interests, were guaranteed tax cuts that they don 't need. Tax breaks for the wealthy are a luxury Americans can't afford."

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