House blocks Middle Class Tax Cut Act

On August 2, the House blocked S. 3412, the Middle Class Tax Cut Act, which had been passed by the Senate the week prior. The bill would provide a one year extension of the tax cuts originally enacted in 2001 and 2003 for households earning under $250,000. The Arc supports this bill to help ensure that revenue is raised fairly to pay for critical disability services and supports. Allowing the tax cuts to expire for households earning over $250,000 a year (the top 2% of earners) would generate about $1 trillion over 10 years. This funding is greatly needed to help protect important programs for people with disabilities (like Medicaid, Social Security, housing, education, and employment) from deep cuts and to reduce the deficit.
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