Hanna Among Congressmen That Supported Fiscal Cliff Legislation
Republican Congressman Richard Hanna among the members in the G-O-P held congress that supported the fiscal cliff bill.
It came down to the wire, but in the end Vice President Joe Biden and G-O-P Senator Mitch McConnell are being credited with brokering a compromise measure that garnered the required votes to pass. The passage means Congress will protect 99 percent of Americans from an income tax increase. But that doesn't mean that most of them won't see their taxes rise.
In fact, the vast majority of workers will pay higher federal taxes in 2013, largely because a temporary reduction in Social Security payroll taxes expired on New Year's Day. The tax package did nothing to prevent that from happening.
A nonpartisan Washington research group, The Tax Policy Center, estimates that 77 percent of American households will face higher federal taxes in 2013 under the agreement. High-income families would get the biggest tax increases, but many middle- and low-income families will pay higher taxes too. Many Republicans complained they are not happy with the bill.
Congressman Hanna says he supported the legislation in order to avoid the tax hikes on middle class families. Hanna says he would still like to see a long term deal on spending cuts, lawmakers have deferred that thorny issue for at least two months.