Senate passes the Middle Class Tax Cut Act

The Senate passed S. 3412, the Middle Class Tax Cut Act, on July 25 by a vote of 51 to 48. The bill provides a one year extension of the tax cuts originally enacted in 2001 and 2003 for households earning under $250,000.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 making over $250,000 a year (the top 2% of earners) would generate about $1 trillion. This funding is greatly needed to help protect important disability programs (like Medicaid, Social Security, housing, education, and employment) from deep cuts and to reduce the deficit.

%d bloggers like this: