Partisan Divide in D.C. as Middle Class Tax Hike Looms

U.S. Senator Frank R. Lautenberg (D-NJ) is imploring Republicans to support new legislation to extend and expand the payroll tax cut.  

Without this legislation, it is estimated 160 million Americans will see their taxes increase on January 1^st.  The average New Jersey family would see a tax cut of $2,100 under the measure.

The compromise bill extends the payroll tax cut and increases it from $1,000 to $1,500 for the average American worker. The tax cuts are fully paid for through a surtax on income above $1 million. Republicans are not thrilled with the idea of a millionaire’s tax hike fearing it could hurt small business owners.

Lautenberg says, “It is outrageous that Republicans are refusing to stand up for middle-class families and stop this tax hike from hitting millions of Americans. The deadline for avoiding a massive tax increase is rapidly approaching and Republicans must work with us to stop it and make sure that middle-class Americans are the top priority instead of millionaires and billionaires.”