Would have allowed tax rates to increase on some Americans and small businesses
U.S. House Recesses, Doesn’t Vote on Plan B Tax Increase
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Washington – Tonight, the U.S. House declined to vote on Plan B, which would have allowed tax rates to increase on some Americans and small businesses. Heritage Action released the following statement from CEO Michael A. Needham:
In August, the House passed H.R.8 with bipartisan support. It would have prevented a tax hike on hardworking Americans who are struggling under the weight of President Obama’s economy. For nearly five months, Harry Reid’s Senate has sat idle. If we are to avert the fiscal cliff, it is incumbent the Senate put forth a bill that can garner the 60 votes necessary.
With H.R.8 and the House-passed budget, House Republicans have demonstrated a seriousness of purpose. It is time Harry Reid and Barack Obama reject the political gimmicks and demonstrate that same level of seriousness.