Governor Doyle Backs Middle Class Tax Cut Framework
Governor Doyle Statement on President Obama’s Tax Cuts for Working Families
MADISON – Governor Doyle today made the following statement:
“President Obama should be commended for making a difficult but responsible decision. The Republicans threatened middle class tax increases in order to secure tax cuts for the wealthiest. Rather than engage in political posturing over tax policy, President Obama has made the practical and sensible decision to protect middle class Americans from a tax increase.”
President Obama reached a compromise today with Congressional Republicans that would extend the earned income tax credit for the poorest Americans, extend the college tuition tax credit, add 13 more months of unemployment benefits for millions of Americans, add a 2-percent payroll cut for average working people making less than $100,000 (a $1,000 cut for those making $50,000) and help small businesses by allowing them to write off investments in their business.