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Tuesday
Nov232010

Leading House Democrat: Tax Bill Won’t Extend Cuts for ‘Very Top’

Photo Courtesy - Getty Images(WASHINGTON) -- Even as the White House mulls a compromise that would temporarily extend all of the expiring Bush tax cuts, leading Democrats on Capitol Hill are pushing back, urging President Obama to keep his pledge to allow tax cuts for higher-income Americans to expire.

In an ABC News interview Tuesday, Rep. Chris Van Hollen, who holds the leadership post of assistant to the House speaker for policy, said the tax bill Democrats will bring to the House floor next month “will not include tax breaks for the folks at the very top.”

“I'm going to vote in favor of the bill that we're gonna have in front of the House...to make sure that we provide middle-class tax relief,” said Van Hollen, D-Md. “It will not include tax breaks for the folks at the very top.”

Van Hollen said that Democrats -- who maintain control of the House through the end of the year, including during the lame-duck session at which the expiring tax cuts will be considered -- continue to back the president’s commitment to allow tax cuts for couples making more than $250,000 a year to come to an end.

“I think the position of the great majority in the House of Representatives is the position the president took going into the election,” he said. “We need to make sure, No. 1, that the middle class has tax relief -- that 98 percent of the American people continue to have that tax relief, we don't want to see their taxes going up.”

“At the same time, we don't want to add $700 billion to our deficit by providing tax breaks for the folks at the very top, when we know, No. 1, that that does not contributed to job creation -- in fact, we know the end of that movie. And No. 2, the notion that these are somehow the small businesses has been shown to be untrue…”

“So let's get the deficit under control,” Van Hollen added. “We're gonna have a vote on that in the House when we get back. We'll have to see what the Senate does after that.”

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