On Wednesday, U.S. Rep. Kathy Hochul, NY-26, voted to preserve and extend middle class tax cuts to all Americans on the first $250,000 of earned income. This bill would provide tax relief and prevent a tax increase of about $2,200 on working families and small businesses in Western New York.
"At a time when our national debt is approaching $16 trillion, the House leadership has insisted on passing an irresponsible plan to add $1 trillion to the debt to pay for additional tax cuts for millionaires. This extra trillion puts us in even greater debt to the Chinese. Instead, I supported an alternative that would provide tax relief to middle class families and small businesses, while requiring the wealthiest top 2 percent to pay the same tax rates they paid during the economic boom of the 1990s," Hochul said.
"If we are going to effectively address our nation's fiscal challenges, we need a balanced approach that requires meaningful cuts to government spending and the wealthiest Americans to pay their fair share. That is why I have worked with my colleagues on both sides of the aisle to support a balanced budget amendment and to cut $2.4 trillion in deficit spending. It's also why I supported cuts to wasteful spending, such as aid to Pakistan. There is still work to be done to protect middle class families and reduce the deficit, and I will continue to work with both Democrats and Republicans to find ways to accomplish that goal."
Recently, Hochul sent a letter to House and Senate leadership urging a permanent extension of the middle class tax cuts. Additionally, she spoke on the floor of the House in support of such measures. Hochul has voted to cut billions of dollars from what she calls wasteful government programs, and she is fighting to balance the budget the right way.