U.S. Rep. Greg Walden, R-Hood River, voted for the plan passed tonight by the House of Representatives, 257-167.
The plan halts automatic tax increases set to take effect on middle-class taxpayers, while imposing higher rates on those making $400,00 or more.
Walden issued a statement: “Tonight the House passed a plan to permanently extend tax relief for Oregon families and small businesses and to stop our government from going over the fiscal cliff. The plan isn’t perfect, but I would not sit by as taxes go up on all Americans, including more than $3,000 this year for the average Oregon family. I didn’t come to Washington to see taxes go up on middle income Americans, and we acted to stop that permanently.
“The plan passed tonight locks into place current tax rates for middle class families as our economy continues to struggle. It permanently holds down the death tax for small business owners, farmers, and ranchers. It permanently patches the alternative minimum tax (AMT) and extends the higher child tax credit. The plan does away with a new entitlement program created in Obamacare, and stops the President from giving members of Congress a pay increase as the President proposed. Finally, it extends the existing farm bill for one year as Congress works on a new long-term farm bill.”
“Now that tax relief has been extended, it’s time for the President to work with Congress to get our nation’s fiscal house in order by addressing the underlying problem, which is spending. The national debt is currently $16 trillion and climbing, over $50,000 for every American. We must cut spending and grow our economy to avoid passing on an even bigger debt burden to our children and grandchildren.”