|Congressman Latta explains his ‘fiscal cliff’ vote|
|Written by Staff Reports|
|Friday, January 04, 2013 2:15 PM|
“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 (AMT) 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.
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