In a late-night vote, the House of Representatives passed the bipartisan compromise brokered by President Obama and Democratic leadership. This deal will extend taxes cuts for the middle class, provide help to those looking for work, and accelerate job creation and economic growth.
After the House vote, Chairman Tim Kaine released the following statement praising Congress’ prompt action to help protect American families.
I applaud the House for sending this critical legislation to the President for his signature. Across America, millions of hard-working Americans can now breathe a sigh of relief knowing that their taxes will not increase next year, that vital unemployment benefits will be renewed, and that their families can continue to count on tax provisions that make raising their children and sending them to college more affordable.
This bill was never a sure thing. Just weeks ago, many commentators doubted that an agreement on critical tax provisions could be reached. Thanks to the hard work and leadership of President Obama and Congressional leaders, low and middle income Americans will get needed relief and our economy, already on the road to recovery, will get a needed boost.
President Obama is scheduled to sign this legislation today around 4:00 p.m.