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Hoyer Discusses Middle Class Tax Cuts on CNBC's "Squawk Box"

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Published on Aug 2, 2012

"What Leader Cantor has done and what the Republican party in the House of Representatives have done is once more snatched delay and defeat from the jaws of victory. The Senate passed a bill which would give 98% of Americans assurance that they would have no tax increase January 1. The Republicans have now deep-sixed that, unfortunately. They know full well that the bill they passed yesterday will not pass the Senate."

"We have an agreement. Senate Republicans agree, the House Republicans agree, Senate Democrats agree and the House Democrats agree that nobody [making] under $200,000 as an individual, $250,000 as a couple should have any increase in their taxes on January 1, 2013. We have agreement on that. There is no disagreement. The American public continue to be frustrated when they know there is an agreement, but that agreement will not be passed by the House Republicans. As a result, we still have uncertainty. We don't give confidence to middle class taxpayers which undermines confidence in the economy and undermines our growth."

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