WASHINGTON, D.C. - Ways and Means Committee Chairman Charles B. Rangel (D-NY) issued the following statement in response to policy recommendations from President Obama’s Task Force on the Middle Class:
“Middle-class families are the backbone of our economy and Congress stands ready to work with President Obama and Vice President Biden to reduce their tax burden. The Recovery Act made a significant investment in job creation and relief for middle-class families and these efforts will continue to be the focus of our efforts in the coming year. The cornerstone of the recommendations outlined today - expanding the child care tax credit and improving incentives to help workers save for retirement - demonstrate our underlying commitment to help middle-class families rebuild the economic security they lost in the financial downturn. The Ways and Means Committee has been at the forefront of our economic recovery efforts and we look forward to expanding on the recommendations made today to provide relief to millions of hardworking families."
