[Congressional Record Volume 156, Number 112 (Wednesday, July 28, 2010)]
[House]
[Pages H6165-H6166]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EXTEND TAX CUTS FOR THE MIDDLE CLASS
(Mr. WILSON of South Carolina asked and was given permission to
address the House for 1 minute and to revise and extend his remarks.)
Mr. WILSON of South Carolina. Mr. Speaker, it's time to give
hardworking Americans incentives to invest in order to create jobs and
grow the economy. We must also protect middle class Americans from
significant tax hikes that are headed their way. Contrary to liberal
claims, these are not tax hikes only on the wealthy.
[[Page H6166]]
The picture isn't pretty if these tax hikes go into effect. If you're
a family of four and your income is $50,000 a year, you could pay
$2,100 in additional taxes; if you're married as a senior citizen
earning $40,000 a year, you could pay $1,400 in higher taxes; a single
mom making $36,000 a year could end up paying $1,100 in new taxes.
Hardworking middle class Americans across the country cannot afford
an attack on creating jobs. The Federal Government cannot pay off
America's debt by higher taxes.
In conclusion, God bless our troops, and we will never forget
September the 11th in the global war on terrorism.
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