SEARCH
« Rep. Charles Rangel: House Panel Chooses Censure, Restitution | Main | Faith-Based Debate: Obama Signs Order on Funds for Churches »
Thursday
Nov182010

Proposed Legislation Would Make Bush-Era Tax Cuts Permanent

Photo Courtesy -- ABC News(WASHINGTON) -- Rep. Mike Pence, R-Ind., has suggested that if soon-to-expire income tax cuts are not made permanent by the end of the year, Republicans should redouble their efforts to do so in the new Congress.

Pence said on Thursday he was backing up that pledge with legislation co-sponsored by Sen. Jim DeMint, R-S.C., to permanently extend the cuts for both the middle class and wealthy Americans.

“I really believe that the last thing we should do in the worst economy in 25 years is allow a tax increase on any American,” Pence told ABC’s Jonathan Karl and Rick Klein on Top Line. “And we shouldn't do it in six weeks, we should do it in 24 months or 36 months, we ought to start the road to recovery by saying to the American people all the current tax rates are the tax rates going forward, permanently.”

There are already several pieces of legislation pending to extend the tax cuts that are set to expire at the end of the year, and other members of Congress, like the incoming chairman of the House Ways and Means Committee Rep. Dave Camp, R-Mich., have said they will proceed with similar measures.

Congress is expected to consider the tax cut issue when they return from the Thanksgiving recess.

During Thursday's Top Line apperance, Pence called on House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid to schedule a debate on his bill before the end of the year.

Copyright 2010 ABC News Radio

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>






ABC News Radio