An Update on the ’Fiscal Cliff’
Murray Continues to Urge Passage of Middle Class Tax Cut Act, Responds to Republican Proposal
Last week, I returned to the Senate floor to continue to put pressure on my colleagues in the House to pass the Middle Class Tax Cut Act, which the Senate passed in July. The bill would extend tax cuts for 98% of workers and 97% small business owners, and would let the tax cuts for the wealthiest Americans expire as scheduled. Â I also discussed Speaker Boehner’s recent proposal that would protect the rich from paying higher rates. I believe the easiest way to raise revenue from the wealthiest Americans is simply to allow the Bush tax cuts for the top 2% to expire as scheduled. It would move us a long way toward the balanced and bipartisan deal we are aiming toward.