Latta votes for deal averting 'fiscal cliff' PDF Print E-mail
Written by Sentinel-Tribune Staff   
Wednesday, 02 January 2013 10:27
File photo. Bob Latta (Photo: J.D. Pooley/Sentinel-Tribune)
Congressman Bob Latta, R-Bowling Green, issued the following statement regarding the House vote on H.R. 8, the American Taxpayer Relief Act:
"Tonight, I supported a bill that provides tax relief for hardworking American families, making permanent tax cuts that Republicans originally crafted and enacted in 2001 and 2003, and prevented the largest tax hike in American history.
"Besides making permanent the tax rates for singles at $400,000 and for married couples at $450,000, this bill will prevent 26 million Americans from paying the Alternative Minimum Tax and helps our small businesses and farmers by keeping the death tax exemption level at $5 million. In addition to extending permanent tax relief for small businesses and middle class families, I am pleased to see the bill included an extension of the farm bill, which will prevent current law from allowing milk prices to skyrocket, as well as repealing the pay increase for members of Congress and White House staff.
"Our first step to avoiding the fiscal cliff has been taken, but in order to achieve a truly balanced approach and put our economy back on the path to prosperity, we must work towards comprehensive tax reform, reducing our deficit, and cut the out-of-control spending that is occurring in Washington."
Both senators from Ohio, Democrat Sherrod Brown and Republican Rob Portman, voted yes in Tuesday's 89-8 roll call in which the Senate passed the Job Protection and Recession Prevention Act of 2012, which broke the "fiscal cliff" stalemate.

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