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Fri December 3, 2010
US House Vote to Let Bush Tax Cats for the Rich Expire
By Elaine Baumgartel
Albuquerque, nM – First District US Representative Martin Heinrich voted for the House Amendment. He says Republicans in the US Senate are holding middle class Americans hostage in order to ensure the extension of the Bush era tax cuts for millionaires and billionaires.
"I don't understand why we can't ask some of the richest Americans to go back to a tax structure that was very successful in the late 90s at balancing our budget and growing our economy." Says Heinrich.
Republicans who oppose letting the tax cuts expire for wealthy Americans argue this would hurt small businesses, but Heinrich says he believes there is bipartisan support for a compromise for small businesses.