[Congressional Record Volume 156, Number 149 (Tuesday, November 16, 2010)]
[House]
[Page H7457]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EXTEND ALL TAX CUTS
(Mr. FLEMING asked and was given permission to address the House for
1 minute.)
Mr. FLEMING. Mr. Speaker, in just a few weeks, the Obama tax hike
time bomb, otherwise known as the expiration of the current tax cuts,
will explode, resulting in the highest single tax increase in U.S.
history.
For some, it is tempting to accept the argument that increasing taxes
on upper incomes and small businesses will solve our deficit problems.
However, any clear-thinking American knows that confiscating more money
from Americans through taxes to feed a rapidly growing government will
only lead to a continued death spiral of increased taxes and expanding
government. Ultimately, we will have a shrinking private sector and
fewer jobs.
Mr. Speaker, on November 2, the American people spoke loudly, and
they said that we are in desperate need of reform in the way this
government does its business. To that end, let me suggest that instead
of making tax cuts temporary and spending permanent, that we make tax
cuts permanent and spending temporary. It is time for Congress and the
President to put the American people first and extend permanently all
of the current tax cuts for families and small businesses in order to
make this economy sound for generations to come.
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