Press Release |
Media Contact: Sally Tibbetts 941.951.6643 | ||
Buchanan Supports Tax Relief for Working FamiliesCo-Sponsors Bill to Extend Tax Cuts |
|||
January 25, 2007 | |||
Washington, DC -- U.S. Rep. Vern Buchanan (R-FL13) today co-sponsored legislation introduced by Congressman Mario Diaz-Balart (R-FL 25) to extend tax cuts for working families. The Tax Relief for Families Act (H.R. 411) would amend the tax code to make permanent a number of important middle-class tax cuts, including the sales tax deduction, the child tax credit, the repeal of the marriage penalty, and the deduction to help pay for higher education. “Tax relief for our families is a top priority,” said Buchanan. “This bill will help Americans keep more of their hard earned money to meet the needs of their families. The federal government has a spending problem, not a revenue problem. The way to balance the budget is not to increase taxes; it is to cut wasteful spending.” H.R 411 would make permanent the following temporary tax cuts: • Child Tax Credit Buchanan is one of 17 sponsors of the bill, which has been referred to the House Committee on Ways and Means. “Failure to extend these common-sense tax cuts would, in essence, be a tax increase on Florida’s middle-class,” Buchanan concluded. “It is my hope that Congress will quickly pass this family-friendly tax relief legislation.” |