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Rep. Chu Issues Statement on White House Tax Cut Deal

December 7, 2010
Press Release

 

Washington, D.C. - Rep. Judy Chu issued the following statement today based on the White House announced framework on extending the Bush-era tax cuts for two years:
 
 
 
“The White House deal on extending the Bush-era tax cuts is not a compromise; it is a Republican wish list.  Extending the tax cuts for the wealthiest Americans is fiscally and morally irresponsible. These tax cuts for the wealthy will add $900 billion to the national debt. During one of the toughest economies in a generation, how can we be looking to enrich those who need it the least? Americans clearly favor eliminating tax cuts for millionaires.  We must stand our ground and do what is right for the American people. We cannot compromise on this tax cut for the sake of political expediency.”