[Congressional Record Volume 167, Number 128 (Wednesday, July 21, 2021)]
[House]
[Pages H3768-H3769]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     TAX PLAN WILL SET BACK ECONOMY

  (Mr. BERGMAN asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. BERGMAN. Mr. Speaker, I rise today to share my concerns with the 
far-left tax hikes proposed by the majority.
  To help pay for their partisan spending sprees, the President and 
Democrats in Congress have proposed to double the tax on investment and 
raise our business tax rate to the highest in the developed world.
  On top of this, they wish to repeal the stepped-up basis, a move that 
will disproportionately hurt family-owned farms and businesses.
  The radical tax agenda will stifle investment and slow down our 
economic recovery at a time when communities

[[Page H3769]]

across our country continue to feel the effects of the pandemic and 
government lockdowns.
  It will also hurt American competitiveness abroad and force even more 
businesses and jobs overseas. Increasing taxes on Americans while 
prices are rising faster than they have in more than a decade isn't 
just irresponsible; it is dangerous.
  The Democrat tax plan will hurt workers and small businesses, 
diminish our position as a global business leader, and set our economy 
back for decades to come.

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