[Congressional Record Volume 156, Number 110 (Monday, July 26, 2010)]
[House]
[Page H5989]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
TAX INCREASES DON'T CREATE JOBS
(Ms. FOXX asked and was given permission to address the House for 1
minute.)
Ms. FOXX. Mr. Speaker, I want to congratulate you also today on this
historic day, and also all those who have made this day possible by
making the House much more accessible to everyone who serves in the
House.
But, Mr. Speaker, I must change the subject and say that in 5 months,
the hardworking taxpayers of America will get hit with the largest tax
increase in American history if this Congress doesn't act to forestall
it.
That's right. Unless Congress acts, taxpayers will see tax rates go
up across the board. This is completely unacceptable. During this
period of economic difficulty and high unemployment, these tax hikes
will fall especially hard on the small businesses that have already
borne the brunt of this bad economy. These are the same job-creating
small businesses that represent our best hope for emerging with
strength from this recession. Increasing their taxes now would be an
economic poison pill that would kill economic growth and job creation.
After all, Mr. Speaker, what tax increase ever created a job?
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