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Michaud Votes to Extend Tax Cuts and Unemployment Benefits for Mainers
WASHINGTON, D.C. – Today Congressman Mike Michaud voted for an extension of the payroll tax cut and unemployment benefits through the end of 2012.
"At a time when many of our communities continue to face high unemployment, it is critical that Mainers do not see their payroll taxes go up or their federal unemployment benefits expire,” said Michaud.
The bill extends through the end of 2012 a 2% payroll tax cut American families received in 2011. It prevents a scheduled 27% reduction in Medicare reimbursement rates from taking effect at the end of this month. It also preserves unemployment benefits for 17,370 Mainers who would have seen their benefits expire if no extension had been passed.
“The bill was not perfect, but no compromise ever is,” said Michaud. “I was pleased that both sides of the aisle were able to sit down and come to an agreement. And I hope we see more of this bipartisanship for the remainder of this Congress.”