Salazar: Extend tax cuts
Without calling them by that name, U.S. Rep. John Salazar, D-Colo., on Thursday called for a one-year extension of the Bush tax cuts.
Salazar, who is facing a challenge from Republican Scott Tipton in the November general election, earlier had called for an extension of the Bush tax cuts for a year “at least.”
Salazar on Thursday called for Congress to extend the tax cuts before it adjourns this fall to allow members to return home to campaign.
What Salazar termed the Pelosi-Hoyer marginal-tax-rates extension “will allow our economy to recover and give Congress a clearer picture of our fiscal situation before Congress takes any action.”
Extending the tax cuts contained in the Economic Growth and Tax Relief Reconciliation Act of 2001 will propel the economy forward and “give families and small businesses the confidence and stability they need during a recovering economy,” he said.
Tipton has called for the permanent extension of the Bush tax cuts.