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From the desk of Congresswoman Carolyn McCarthy: February 28, 2012

McCarthy: ‘Pass Tax Cut for Millions of Americans’

Says bill will save over 1 million Long Islanders up to $1,500 this year

Rep. Carolyn McCarthy, a vocal critic of the partisanship and gridlock that has delayed the passage of a payroll tax cut for middle class workers, voted today for a bipartisan bill to extend the tax cut through the end of 2012 and said that Washington needs to continue to work together to help struggling Americans.

The tax cut is expected to save middle class families over $1,000 – up to about $1,500 on Long Island – over the course of this year, according to McCarthy. Over 1.2 million Long Islanders, including 600,000 residents of Nassau County, are employed and may be eligible for the tax cut, according to information from the Department of Labor’s Bureau of Labor Statistics.

“I was proud to help pass this crucial legislation that will let hardworking Long Islanders keep more of their paychecks and help to keep our economic recovery going,” Rep. McCarthy said. “This bill isn’t perfect, but that’s the nature of compromise agreements. The bipartisan agreement on this bill was a refreshing change from last year, when House Republicans held this bill hostage just to score political points – I hope Washington continues to work together to help our constituents.”

McCarthy said without the passage of this bill, H.R. 3630, the payroll tax cut extension would have expired at the end of February, hitting American families directly in their wallets. Congress extended the benefit last December, but only after House Republicans nearly killed the extension by tying it to drastic cuts that would have decimated health care benefits for millions of Americans.

“I’m pleased to see that the Republican majority did not repeat last December’s disaster, choosing instead to do what’s right for the economy and the country,” Rep McCarthy said. “I’m looking forward working with all my colleagues in Congress and with the Administration to achieve real, bipartisan solutions that will put Americans back to work as soon as possible.”