Congressional candidate Dan Lamb wants compromise when it comes to extending the President Bush era tax cuts.
Democrat Lamb, who is running against incumbent Republican Richard L. Hanna in the new 22nd District in the November elections, says there needs to be a middle ground between what the Republicans are pushing versus what the Democrat-controlled Senate has already passed. Lamb said he favors taxing every dollar earned in excess of $400,000 at a rate 4.6 percent higher than the current rate.
Republicans and Democrats are deadlocked on the President George W. Bush era tax cuts that expire in January. House Democrats are backing the plan passed in the U.S. Senate, which is to continue tax cuts for 98 percent of Americans, but get rid of the cuts for individuals making above $200,000 or couples more than $250,000. Republicans want to continue cuts for all.
"While Washington plays another game of political chicken, middle-class families in New York wonder if they’re going to see a huge tax increase next year," said Lamb. "I strongly believe that we should extend tax relief for middle-class families. One thing is for sure: we can’t afford to do nothing. That’s why I’m calling on both sides to give a little and meet in the middle. Democrats say 98 percent, Republicans say 100 percent. If both parties were willing to give up 1 percent of what they want, we might be able to get a deal."
It’s the House’s turn this week to vote on extending income tax cuts. Hanna, who’s in his first term, is saying that he’ll vote for extending all the cuts while acknowledging it might be necessary to increase taxes on the richest Americans in the future.
Michael Kicinski, who’s planning on running as an independent in the 22nd after losing the GOP primary to Hanna, says letting any cuts expire is unacceptable.