Van Hollen Supports Senate-Passed Legislation to Avert Fiscal Cliff
Washington, DC – Today Maryland Congressman Chris Van Hollen, Ranking Member of the House Budget Committee, issued the following statement in support of the Senate-passed legislation to avert the fiscal cliff:
“On balance, this legislation will help working families, boost our economy, and ensure that the top 1 percent share greater responsibility for reducing our deficits. While I oppose the estate tax provision, which is an average tax break of over $1 million to the approximately 7,000 wealthiest estates in our country, the vast majority of the package represents important progress – the middle class tax cut will be made permanent, the child tax credit will be extended, the Alternative Minimum Tax and Medicare physician payment rates will be addressed, and we will continue to provide unemployment benefits to the millions of Americans who are out of work through no fault of their own.
“Any agreement required compromise, and I believe this is a fair deal for the American people. It is unfortunate that we were not able to do a larger plan on deficit reduction, but President Obama has made clear that he will continue to fight for a balanced approach as we work to get our fiscal house in order. I urge my colleagues to support this legislation.”