Sunday, December 05, 2010
Rockefeller And Manchin Disappointed By Senate Action
WEST VIRGINIA....
On Saturday, Senate Republicans blocked legislation to extend the federal Bush-era tax cuts for all but the wealthiest Americans. U.S. Senators Jay Rockefeller and Joe Manchin say they are disappointed the Senate failed to pass the cuts, which will expire at the end of the year, if Congress doesn't act. Rockefeller proposes to keep the tax cuts for families who earn up to $250,000 a year, while Manchin wants to keep them for those earning up to $1 million. Rockefeller, who does not support continuing tax cuts for higher-income Americans, says extending the cuts for families up to the $250,000 threshold, coupled with extending unemployment insurance, is the best approach to providing needed relief to nearly 99 percent of West Virginians while pumping more money into the economy in a fiscally responsible way. Rockefeller says the top 1 to 2 percent simply don't need another tax break that the country can't afford right now.
On Saturday, Senate Republicans blocked legislation to extend the federal Bush-era tax cuts for all but the wealthiest Americans. U.S. Senators Jay Rockefeller and Joe Manchin say they are disappointed the Senate failed to pass the cuts, which will expire at the end of the year, if Congress doesn't act. Rockefeller proposes to keep the tax cuts for families who earn up to $250,000 a year, while Manchin wants to keep them for those earning up to $1 million. Rockefeller, who does not support continuing tax cuts for higher-income Americans, says extending the cuts for families up to the $250,000 threshold, coupled with extending unemployment insurance, is the best approach to providing needed relief to nearly 99 percent of West Virginians while pumping more money into the economy in a fiscally responsible way. Rockefeller says the top 1 to 2 percent simply don't need another tax break that the country can't afford right now.
# posted by Homer Owens @ 9:39 PM 
