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Update: Congress Passes Fiscal Cliff Bill, U.S. Rep DeLauro Votes Against Legislation

House lawmakers followed their Senate counterparts on Tuesday, sending President Obama a package that will preserve the Bush-era tax cuts for middle class families while delaying budget cuts.

 

By a 257-167 vote, House lawmakers late Tuesday agreed to avoid the so-called fiscal cliff by sending a Senate supported bill to President Obama.

The bill will maintain tax cuts for couples earning less than $450,000 but will delay budget cuts for two months, according to reports.

The bill passed 89-8 in the Senate earlier Tuesday.

Click on the attached PDF for the entire version of The American Taxpayer Relief Act.

U.S. Rep. Rosa DeLauro, who represents Durham and Middlefield voters in the 3rd District, voted against the bill.

“I was hopeful that we would be voting on legislation that prioritized working families and the middle class over the wealthiest Americans in taking a balanced approach to the challenges we face as a nation.  However, the bill before the House of Representatives tonight is not that," DeLauro said in a statement on her website

She continued: 

“I have consistently supported making the tax cuts for the first $250,000 of household income permanent and I am pleased this bill does so.  I am also pleased that this legislation extends unemployment insurance, allows some high-end tax rates to return to Clinton-era levels, and extends tax credits that benefit the working poor and students.  Those are reasons to support it, but are not enough.   

“I question whether those making above $250,000 need tax cuts and I cannot support an extension of the Bush tax cuts to those making up to $450,000.  At the same time, this legislation fails to address the expiring payroll tax cut, meaning that millions of middle class families will see as much as a $2,200 tax increase, beginning with less take home pay in their next paycheck. This is regrettable.

“This legislation makes permanent a tax structure that benefits the wealthy – it provides permanent tax rates to the wealthy while only providing temporary tax credits to working and middle class families.  A $10 million estate tax exemption is now permanent, while the Child Tax Credit, the Earned Income Tax Credit, and the American Opportunity Tax Credit are only temporary.   

“This legislation also does not permanently address the automatic spending cuts which threaten to cost thousands of jobs, and the debt ceiling, which if not raised, as we saw a little more than a year ago, could wreck havoc on our economy.  That means we will be back two months from now under another fiscal cloud – and with many of the same people that created this crisis once again holding the economy hostage while this time calling for benefit cuts to Social Security and Medicare.   This once again will put the middle class at risk.” 

Related stories: 

Fox News: House approves fiscal crisis bill

CNN: House approves fiscal cliff bill

NY Times: Amid Pressure, House Passes Fiscal Deal

Wall Street Journal: Congress Ends Stalemate, Passes Bill

Scott Wheeler January 02, 2013 at 04:15 PM
Nice work adding Rosa's no vote in this piece Michael, I was ready to jump all over it but you had it covered. The increase in taxes is the social security tax being moved back to where it was and that had to happen due to less people putting into SS and more taking from it. It is the time that Generation "X" started to rattle their sabres regarding SS as we are heading for 2/3 of the benefit by 2026 if nothing is done to add revenue to it. Rosa is misleading people by just stating a 2% increase, she needs to explain the reason. I have no problem going back to the 6% SS tax rate to fund SS and infact wish that the ceiling be removed so people making over $106,000 continue to put into the system.
Ex Republican January 02, 2013 at 08:36 PM
Right on Scott!
Scott Wheeler January 02, 2013 at 08:58 PM
2013 the ceiling is $113,700 for paying into SS which is 6.4%. Why?? Why the ceiling? While Rosa is begging for my tax money to be sent to third world countries, sorry Rosa but we as a nation HAVE NO MONEY....balancing your checkbook 101 you fail, I am left to wonder if I wuill receive SS benefits that I paid into for 30+ years and counting. Of course she hauled ass before voting on aid for the Storm Sandy areas right here in the USA. Good job for those who voted her in!
Jim in Durham January 02, 2013 at 10:43 PM
Rosa knows all about the 1%,since she went from being one of Chris Dodds aides to being worth over 20 million dollars in her time in the house.

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