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Republican Tim Murphy Explains Vote in Favor of Fiscal Cliff Deal

The U.S. House of Representatives passed the American Taxpayer Relief Act of 2012 late on Tuesday night.

The U.S. House of Representatives passed the American Taxpayer Relief Act of 2012 late on Tuesday night to avert the "fiscal cliff."

U.S. Rep. Tim Murphy, a Republican whose 18th Congressional District includes all of Whitehall Borough, joined many Democrats in voting in favor of passing the legislation. Murphy explained his reasoning in this statement:

The process and product are imperfect, but what has been achieved can't be overlooked. We've overcome the impasse to permanently lock in lower tax rates for 99 percent of taxpayers. (The) vote opens the door for work to begin in the next session of Congress on significant cuts in federal spending, meaningful tax reform and pro-growth policies to get our country back on solid fiscal footing.

The bill permanently extends current tax rates for individuals with incomes of fewer than $400,000 per year and households with incomes of fewer than $450,000 per year—along with a combination of other spending cuts—without raising the nation's debt limit.

The deal does not include the payroll tax break, however, that expired at the end of 2012. For people earning $50,000 in annual salary, that means a loss of around $80 per month to higher taxes, or about an extra $1,000 per year.

The U.S. Senate overwhelmingly passed the fiscal cliff compromise at 2 a.m. on Tuesday with a vote of 89 to 8.

Murphy provided the following links for his constituents:

Summary of Tax Provisions in the Senate Fiscal Cliff Bill

Comparing Current Law with the President's Proposal and the Senate Compromise

One-Page Summary of the Fiscal Cliff Package

What do you think of the fiscal cliff deal? Please tell us in the comments section below.

This article originally appeared on the UpperSt.Clair Patch.

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bonita veraldi January 04, 2013 at 03:10 AM
Once again, the little Statist-In-Chief got his way, the Republicans caved AGAIN, and the American people suffer.
Tom Barchfeld January 04, 2013 at 02:26 PM
Tim Murphy also voted to raise the debt ceiling in 2011. He is not interested in stopping the spending. Tim just goes along with the Washington crowd. The taxpayers and the economy will suffer.
Stephen McGalla January 05, 2013 at 12:29 AM
Honorable Matt Smith, As a 69 year okd mam I get a little tired of tax rates being 2 high. "Ike" had a republican congress, HIGEST TAX RATE WAS 91%. lOOK IT UP, AS IT RELATES 2 WAGES IN TODAYS INFLATION RATES.. YOU WILL BE SURPRISED. Steve McGalla - 412 983 3295
Stephen McGalla January 05, 2013 at 12:30 AM
Honorable Matt Smith, As a 69 year okd mam I get a little tired of tax rates being 2 high. "Ike" had a republican congress, HIGEST TAX RATE WAS 91%. lOOK IT UP, AS IT RELATES 2 WAGES IN TODAYS INFLATION RATES.. YOU WILL BE SURPRISED. Steve McGalla - 412 983 3295

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