Second District Congressman Joe Donnelly said Thursday that he will be voting for the President’s tax cut compromise. Democrat opponents are poised to attempt to sink the measure that came after a compromise with Republicans.
The Obama plan, agreed to in principal by the Republican side, would prevent the December expiration of all the Bush tax cuts enacted in 2001 and 2003. Obama had originally balked at cutting taxes for the highest earners.
“I think the bill will pass,” said Congressman Donnelly. “I think what’s going to happen is that there will be continued discussion on it and the focus is that we provide additional unemployment assistance for those who have worked hard to find jobs and have not had much luck so far. We also want to make sure that there is unemployment assistance through the holiday season and then for some time in 2011. Additionally, we want to make sure that our small businesses have the opportunity to be able to buy equipment and receive tax benefits. I think this should move forward. There might be some continued tweaks in the bill to try and make it even more friendly to working families. At the end of the day, it will be critical to additional job creation and that’s what we want to see.”