Democrats have also found something to like in the Senate-passed measure to avert the “fiscal cliff.”
Rep. Sander Levin (D-Mich.), ranking member on the House Ways and Means Committee, said the bill “breaks the iron barrier that for far too long has prevented additional tax revenues from the very wealthy. It raises $620 billion in revenues by achieving the president’s goal by asking the wealthiest 2 percent of Americans to pay more while protecting 98 percent of families.”
Some of Levin’s Democratic colleagues applauded as he made that point.
“This package is vital for future deficit reduction efforts, setting the stage for a balanced approach from here on out, by delaying sequestration with 1-to-1 revenue and spending cuts,” he added.
“The time is urgent, the time is now, we should support this legislation,” Levin said.