“Though we saw an increase in jobs created this past month and a welcome decline in the unemployment rate, far too many Americans are still unemployed and struggling to make ends meet. Congress failed to pass the Middle Class Tax Cut Act that I proposed, which would have extended and expanded the employee payroll tax cut. If the tax cut expires, working families hit hard by the recession will have, on average, $1,000 less in their pockets next year. In Pennsylvania alone, 6.7 million workers have benefited from the tax cut this year.
Washington, D.C. - U.S. Senator Bob Casey (D-PA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement on the Bureau of Labor Statistics’ November jobs report showing that the unemployment rate decreased to 8.6 percent and 120,000 total nonfarm jobs were added:
“Leading economists have told us that failing to extend this legislation will put less money in the pockets of American families and hurt economic growth and job creation.
“We cannot let the payroll tax cut expire at the end of this year – in fact we must do more by increasing it. We must give families additional relief and every single small business a tax cut next year by passing legislation that gets our economy moving again and gets people back to work.”