Governor Parkinson Backs Middle Class Tax Framework
TOPEKA, KS - Governor Mark Parkinson is praising President Obama’s work to reach a tax-package compromise with Congress that will extend unemployment insurance, tax cuts for working families and other business incentives.
“With the holidays fast approaching, we must ensure that those Kansans and Americans that are still struggling to find work have the ability to provide for their families,” said Parkinson. “This tax package will provide critical assistance to more than 38,000 unemployed Kansans and needed relief for middle class families.”
“If there’s anything I have learned during my time as governor, it’s that working across party lines to find solutions is the only way we can move forward,” continued Parkinson. “I commend President Obama for reaching an agreement with Congressional Republicans that will help in our country’s economic recovery.”
The governor encouraged Congress to work quickly to approve the framework, which includes the following benefits to families and businesses:
- A 13-month extension of unemployment benefits;
- An extension of existing middle class tax cuts;
- An additional two percent payroll tax cut for working people for one year;
- An extension of the earned income tax credit; and
- Allow businesses to expense all investments made in 2011, as well as a two-year extension of the R&D tax credit and other tax incentives to support business expansion.