Cole Votes to Extend Payroll Tax Cut
WASHINGTON, D.C. – Rep. Tom Cole (OK-04) released the following statement after voting in favor of H.R. 3630 - the Middle Class Tax Relief & Job Creation Act. The bill, which was approved by the House of Representatives Tuesday, extends the payroll tax holiday for one year, reforms and extends unemployment benefits, protects access to doctors for Medicare beneficiaries, and accelerates a decision on the Keystone pipeline.
"This legislation represents a reasonable solution that helps struggling Americans without raising taxes. The Middle Class Tax Relief & Job Creation Act extends the payroll tax holiday, reforms and extends unemployment benefits, and prevents cuts to Medicare physician payments.
"Unlike the Democratic alternatives, this bill is fully paid for with spending cuts -- not tax increases. Maintaining the current tax cuts and benefits is important to economic growth, but it must be done in a responsible way that does not hurt job creators or add to the debt.
"The House has done its work; now it's time for the Senate to act."