Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement after the House passed the Senate legislation to make tax cuts for the middle class permanent, extend critical tax credits for working families, and avert the so-called “fiscal cliff”:
“The House passage of the Senate’s bipartisan legislation is a victory for the middle class. Our action permanently extends the middle class tax cut and promotes economic growth, while asking the wealthiest Americans to pay their fair share. It extends unemployment insurance for those who lost their jobs through no fault of their own.
“With the passage of this measure, we strengthen the principle that we must have equal parts revenue and spending cuts as we work to reduce our deficit. We strengthen our economy through investments in innovation, tax credits for education, and tax breaks to spur the technologies of the future, including renewable energy.
“Tonight’s progress is not only a victory for the middle class but for the President and Vice President who campaigned on protecting the middle class – and kept their promise to the American people.
“I am especially proud of the unity in the House Democratic Caucus – of our ongoing commitment to protect the economic security of the middle class and our willingness to find common ground and work in a bipartisan way to get the job done. To that end, we are off to a good start in the new year.”