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Top Member Of Senate GOP Leadership: Tax Rates For Top Two Percent Will Rise

CORNYN TOPS LIST OF THREE NEW SENATE VOICES CALLING FOR INCREASE IN TOP TAX RATES Incoming Senate Republican Whip John Cornyn: “I believe we’re going to pass the $250,000 and below sooner or later, and we really don’t have much leverage there because those rates go up by operation of law Dec. 31.  I would focus…

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Reid: Congress Could Avert The Fiscal Cliff For Middle Class Families

House Should Take Up Senate-Passed Bill to Freeze Tax Rates for Middle Class and Ask Top Two Percent to Pay More Senate-Passed Bill is Only One With a Chance to Become Law Washington, D.C. – Nevada Senator Harry Reid made the following remarks on the Senate floor today regarding the bipartisan compromise needed to avoid…

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ICYMI: Polling Update

Washington Post/ABC Poll: 64% Oppose Ryan Medicare Plan. Asked “Under Ryan’s Medicare plan, starting in 10 years people no longer would receive specific Medicare benefits when they turn 65. Instead they would receive a credit for money that they could use to buy insurance, either from the private market or from the government. How do you…

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GOP Architects Of Automatic Defense Cuts Are Now Trying To Wiggle Out Of Them

“If the defense cuts are Obama’s, they are also John Boehner’s, Eric Cantor’s, Mitch McConnell’s and Jon Kyl’s.” [Milbank, Opinion, Washington Post, 7/25/12  “The bill passed with the votes of a majority of House and Senate Republicans and the encouragement of — wait for it — Mitt Romney.” [Milbank, Opinion, Washington Post, 7/25/12] “The GOP refused to…

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Reid Statement On Passage Of Tax Cut Extension For The Middle Class

Washington, D.C.—Senate Majority Leader Harry Reid issued the following statement after Senate Democrats passed legislation to extend tax cuts for middle class families on income up to $250,000. The bill passed by a vote of 51 to 48. Democrats also defeated a Republican bill that would have raised taxes on middle class families, while giving…

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Reid: Republicans Claim To Care About The Deficit, Then Fight For More Tax Breaks For Millionaires & Corporations That Ship Jobs Overseas

Washington, D.C. – Nevada Senator Harry Reid spoke on the Senate floor today regarding the Bring Jobs Home Act, a bill to end taxpayer incentives for companies to outsource American jobs. Below are his remarks as prepared for delivery: If you own a business in this country, your goal is to make a profit. There’s…

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Reid: Average Tax Rate Lowest Since 1979 – But Still Higher Than The Rate Mitt Romney Pays

Washington, D.C. – Nevada Senator Harry Reid spoke on the Senate floor today regarding a report by the non-partisan Congressional Budget Office showing the average U.S. tax rate is the lowest in more than 30 years. Below are his remarks as prepared for delivery: This week Republicans continued to make the case that millionaires and…

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Reid: Democrats’ Small Business Tax Cut Would Encourage Hiring, Create Jobs

By Contrast, Republicans’ Plan Would Hand More Tax Breaks to “So-Called Small Business Owners Like Kim Kardashian and Paris Hilton” Washington, D.C. – Nevada Senator Harry Reid spoke on the Senate floor today regarding the Small Business Jobs and Tax Relief Act. Below are his remarks as prepared for delivery: My Republican colleagues talk a…

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Reid Statement On President Obama’s Call To Extend Middle Class Tax Cuts

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…

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Reid: Democrats Will Not Go Back On Tough But Balanced August Budget Deal To Benefit Billionaires, Defense Contractors

Sequester Is a Tough Pill to Swallow, But That Was the Point – Cuts Were Designed to Be Tough Enough to Force Lawmakers to Compromise, Reach a Balanced Deal Fundamentally Skewed Priorities in Republican Budget Would Hand More Tax Breaks to Wealthy at Expense of Middle-Class Families Washington, D.C. – Nevada Senator Harry Reid spoke…

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