House Democrats Call for October Action on Fiscal Cliff, Medicare

House Democrats called on their GOP counterparts to return to Washington in October and finish work on must-pass legislation addressing the nation’s looming fiscal crisis, as well as Medicare, agriculture, domestic violence and postal reform. House Minority Leader Nancy Pelosi, D-Calif., and a group of 14 House Democrats, said GOP lawmakers should not allow the expiration of the Bush-era tax cuts for middle-class Americans at the end of the year. They said Congress should not wait for a lame-duck session after the November elections to address the budget sequestration and defense cuts planned for 2013.

Middle-class tax cuts will expire December 31st. We want to see [people] assured that they will get no tax increase, said House Minority Whip Steny H. Hoyer, D-Md. “We want to make sure we address the fiscal cliff and the sequestration that all of us think will be harmful.” House Democrats made their call for renewed action on the House floor and during a press conference on Capitol Hill on October 2. The efforts came just a day before President Obama and former Gov. Mitt Romney are scheduled to hold the first presidential debate in Colorado. Lawmakers are expected to return to Washington for a lame-duck session of Congress following the November elections.

By Stephen K. Cooper, CCH News Staff

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

All stories by: Wolters Kluwer Tax and Accounting