-By Warner Todd Huston
Four Illinois Representatives have issued statements about the passage of the Middle Class Tax Relief and Job Creation Act, a bipartisan effort.
Manzulo's statement explains that the Middle Class Tax Relief & Job Creation Act (HR 3630) passed the House but faces an uncertain future in the Democrat-controlled Senate, which is demanding huge tax increases on Americans instead of spending cuts to offset the costs of the bill. President Obama has also threatened to veto the bill because it cuts spending instead of increasing taxes on America’s job creators.
Chief Deputy Whip Peter Roskam (R, Illinois 6th District) says that the Senate must pass this act for tax relief for American working families and more American energy jobs or be seen as opposing more jobs and lower taxes.
“I applaud the House for passing this bipartisan solution to provide tax relief to millions of working families and remove barriers to job creation. The Keystone XL energy pipeline alone will create 20,000 new American energy jobs.
“The Senate now has a simple choice: support tax relief for working American families and more American energy jobs or oppose more jobs and lower taxes. I urge the Senate to join with the House in supporting such commonsense bipartisan legislation. To not do so would burden millions of American families with further uncertainty and economic hardship."
Congressman Adam Kinzinger (R, Illinois 11th District) also voted in favor of the Middle Class Tax Relief and Job Creation Act, which he calls "legislation to defend American families and create thousands of jobs here at home."
“Over the course of the year, House Republicans have changed the conversation in Washington from how much to spend to how much to cut,” said Kinzinger. “Tonight the House passed a proposal that continues down the path toward reforming the way Washington does business.
“The Middle Class Tax Relief and Job Creation Act is completely paid for; does not raise taxes on job creators; and includes tax cuts of $1,000 on average for hardworking middle class families. Additionally, this legislation requires a decision from President Obama over the Keystone XL Pipeline by January; reforms unemployment insurance benefits; enacts deficit reducing measures such as implementing fees on Fannie Mae and Freddie Mac; and includes pay freezes for Members of Congress.
“Accelerating a decision over the Keystone Pipeline would bring us one step closer toward creating approximately 20,000 American jobs; 800,000 barrels of oil from our friends to the North, which means we will need less oil from countries we can no longer rely on and are not friendly to the interests of the United States; it would also mean $5.2 billion in new property tax revenue for bankrupt states.”
Caterpillar, a leading manufacturer from Illinois, supports securing stable and affordable energy from a North American ally through the Keystone XL Pipeline, and urges approval of this pipeline. Daniel Macholan, the Global Pipeline General Manager for Caterpillar, said of this project, “Considering the economic and energy security benefits of these vital resources, we should continue to expand America's access to safe, affordable energy to help ensure improved domestic and global energy security and stable prices for consumers. Pipelines are a critical part of our energy infrastructure, and additional pipeline capacity will help consumers and businesses throughout the United States.”
“Manufacturers and union organizations alike are supportive of this project. The fact is that someone will benefit from the oil out of Alberta,” continued Kinzinger. “If it’s not the United States it will be China, unless we take immediate action to expand the Keystone pipeline - and it will be American businesses and consumers who will suffer the consequences from our inaction. I strongly urge Senator Harry Reid and Senator Dick Durbin to immediately consider and support the Middle Class Tax Relief & Job Creation Act of 2011, which would finalize a decision on this long delayed project.”
Rep. Don Manzulo (R, 16th District) touts the fact that the bill is paid for by cuts elsewhere.
“This legislation will strengthen our economy by preventing tax increases on workers and their employers, helping unemployed Americans get a job, accelerating a decision on a major job-creating project, and protecting seniors and their doctors from huge Medicare cuts. And we do it all without increasing our debt. The benefits are all paid for by cutting wasteful spending elsewhere, freezing the salaries of federal employees and Members of Congress, gradually increasing Medicare premiums for wealthy Americans, and prohibiting millionaires from receiving unemployment insurance and food stamps,” Manzullo said. “I strongly encourage the Senate to take up this bill and pass it and the President to sign it into law so we can help put Americans back to work while helping those most in need.”
As Chairman of the Small Business Committee’s Subcommittee on Economic Growth, Tax, and Capital Access, Rep. Joe Walsh (R, 8th District) also celebrated the passage.
“I am pleased that the payroll tax extension was passed today in the House. This bill will not only create jobs for out-of-work Americans, but it will also reform unemployment benefits and reduce taxes by $88.3 billion dollars over ten years. This is a great start to getting our county back on track- but this economic mess is far from over.
“With over 25 jobs bills sitting in the Senate, it is time President Obama and his liberal allies stop blocking our efforts for job creation. Overregulation, higher taxes, and more stimulus spending simply just does not work. The unemployment rate in this country has remained above eight percent for the past 34 months, and Americans have had enough.
“As Chairman of the Small Business Committee’s Subcommittee on Economic Growth, Tax, and Capital Access, we need to get the government out of the way so small businesses can create jobs. The bill passed today brings up one step closer to putting America back to work.”
Specifically, the bill:
- Extends for one year the payroll tax holiday to prevent a $1,000 tax increase next year on an American worker earning $50,000 annually. Instead of shortchanging the Social Security Trust Fund, the bill pays for the tax holiday by cutting wasteful spending, freezing the pay of federal workers and Members of Congress, gradually increasing Medicare premiums for wealthy Americans, and prohibiting millionaires from receiving unemployment insurance and food stamps.
- Accelerates a decision on the job-creating Keystone XL energy pipeline, requiring a permit to be granted within 60 days unless the President determines the project is not in the national interest. The President decided recently to delay a decision on the project until after next year’s election, despite the fact it would provide over 100,000 good-paying jobs to needy Americans and is supported by both employers and unions.
- Reforms and extends unemployment insurance (UI) to help get Americans back to work. The bill would allow states to screen and test UI recipients for drug abuse and would require all UI recipients to 1) search for a job, 2) be in a GED program if they don’t have a high school diploma, with reasonable exceptions, 3) participate in re-employment services. Federal unemployment benefits would gradually top out at 59 weeks by mid-2012. (Even President Obama proposed phasing out 20 weeks of unemployment insurance next year).
- Extends 100 percent business expensing through 2012 to make it easier for employers to invest now in new machinery and equipment, grow their businesses, and create jobs.
- Prevents massive cuts to doctors working in the Medicare program to protect America’s seniors and those with disabilities. The bill also saves more than $13 billion in wasteful overpayments of health Exchange subsidies, and repeals provisions in current law that hurt physician-owned hospitals.
Click here to read the letter Congressman Kinzinger sent to Senator Durbin to support the Middle Class Tax Relief & Job Creation Act of 2011.
Click here for a summary of the legislation.