[Congressional Record Volume 158, Number 117 (Thursday, August 2, 2012)]
[House]
[Page H5634]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                                 TAXES

  (Mr. PALAZZO asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. PALAZZO. Mr. Speaker, I'm a CPA by trade. I've spent many years 
in my former life wading through volumes of Tax Code trying to ensure 
my clients followed every last letter of the law while also trying to 
ensure they don't get stuck paying more taxes than they owe. But the 
American people and the people of south Mississippi don't need a CPA to 
tell them that we need a simpler, fairer, and flatter Tax Code.
  Last week, the U.S. Senate sent a strong message when it voted to 
raise taxes on small businesses and families. In south Mississippi 
alone, the proposed tax hikes would increase taxes by an average of 
$2,200 per family. That's a total of more than $723 million more that 
south Mississippians would have to pay.
  In addition to that extra tax burden, a recent study from Ernst & 
Young shows that we could lose as many as 710,000 jobs, and wages could 
decrease by almost 2 percent.
  Now, I'm no rocket scientist, but I'm pretty sure that the American 
people and the people of south Mississippi don't need a rocket 
scientist to tell them that these tax hikes are the last thing we need 
right now. That's why the House stepped forward yesterday and passed 
legislation to stop the tax hike, and that's why we're committed to 
continue working on tax reform to make our Tax Code simpler, fairer, 
and flatter for all Americans.

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