Washington, DC—Senate Majority Leader Harry Reid issued the following statement after President Obama called for the extension of tax cuts for middle class Americans.
“I agree with President Obama that we should extend tax cuts for all American families up to the first $250,000 of income immediately. This will protect middle-class families and allow us to reduce our deficit in a responsible manner. Democrats and Republicans should be able to agree that protecting the middle class is the most important priority, so Republicans should stop holding these middle-class tax cuts hostage to extract more reckless giveaways for millionaires and billionaires.
“I will be discussing the next steps in the Senate with my caucus in the coming days. Republicans have claimed they want to reduce our deficit; in the weeks ahead, they will have a chance to do so by joining Democrats to vote to extend tax cuts for all middle class American families on the first $250,000 of their income.”