JACKSON — Democratic U.S. Rep. Travis Childers split with his party leadership Wednesday, saying he favors at least a one-year extension for all the 2001 federal income tax cuts that are set to expire at the end of this year.
“The best way to improve our economy is to put money back into the pockets of hardworking Americans. That’s why I’ve consistently supported tax relief provisions for families and businesses,” Childers said in a news release.
“In the longer term, we need to get serious about reducing the deficit, and – after we allow our economy to continue recovering over a significant period of time – gradually phasing out breaks for millionaires, billionaires, and large corporations is one of the best ways to do this.”
Some top Democrats, including President Barack Obama, have said they favor extending most of the tax cuts, but not those for the wealthiest.