Costa To Congress: Extend Tax Cuts For Valley Families, Farmers And Businesses

Dec 15, 2010
Press Release

WASHINGTON – Today, Congressman Jim Costa took to the floor of the House of Representatives to again call on Congress to extend tax cuts for Valley families, farmers, and businesses. In the speech, Costa called out members of both political parties for caring more about campaign politics than preventing people’s taxes from going up.

To view Costa’s speech, click here. The prepared text of Costa’s speech is copied below:

“Madame Speaker, I rise today in support of extending tax cuts to American families and businesses.

“This week, we have a choice. Congress can continue the campaign politics of the past year or Republicans and Democrats can set aside their talking points and get something done for the people we are here to serve.

“I support the latter. In my district, families are putting together their budgets and trying to make ends meet. Small businesses are making hiring decisions. Family farmers are scared of losing their operations due to a looming bump in the estate tax.

“In this fragile economic recovery, we cannot afford to let that happen. After months of partisan gridlock, it’s time for members of this Chamber to listen to the American people and prevent taxes from going up on January 1st.

“Delay is not an option and I call on Congress to send the commonsense compromise before us to the President’s desk.”

Background

Over the past weeks, Congressman Jim Costa has been in the middle of the national debate over whether to pass the President’s compromise to extend tax cuts for American families and businesses. While some Members of Congress have vowed to oppose the deal on political grounds, Costa has repeatedly called on both Republicans and Democrats to set aside partisan talking points to send a deal to the President’s desk. If Congress fails to come together and address this issue, Americans will see their taxes go up on January 1st.

For months, Costa has been pushing for a compromise similar to the one currently being considered. In September, Costa joined a group of his colleagues in calling on the House leadership to temporarily extend all income tax rates.