WASHINGTON, March 13 -- Sen. Richard Blumenthal issued text of the following press release:
Today, U.S. Senator Richard Blumenthal (D-CT) joined Senate colleagues in introducing the Working Americans' Tax Cut Act, new legislation to provide much-needed tax relief for millions of working Americans who are struggling to afford the cost of living as wages remain stagnant and prices rise.
This bill provides broad, permanent tax cuts to nearly 130 million working Americans and eliminates federal income taxes for Americans who make under the median cost of living, $46,000. The bill additionally provides a significant tax break to individuals making between $46,000 to $80,500, with proportionally higher rates for heads of households and married...