[Congressional Record (Bound Edition), Volume 156 (2010), Part 12]
[Extensions of Remarks]
[Pages 17455-17456]
[From the U.S. Government Publishing Office, www.gpo.gov]




     MONROE JOURNAL EDITORIAL CALLING FOR RENEWAL OF BUSH TAX CUTS

                                 ______
                                 

                             HON. JO BONNER

                               of alabama

                    in the house of representatives

                     Wednesday, September 29, 2010

  Mr. BONNER. Madam Speaker, I wish to submit for the Record an 
editorial published in the September 16th edition of the Monroe Journal 
in my congressional district, calling for the renewal of the Bush tax 
cuts of 2001 and 2003.

                 Congress Must Renew Bush's Tax Breaks

       In this economic environment it would be ludicrous to even 
     consider not renewing the ``Bush tax breaks'' for everyone, 
     especially so for middle class Americans.
       President Barack Obama has said he supports renewing the 
     federal income tax breaks for middle class workers, but he 
     does not support renewing the tax breaks for persons making 
     $250,000 or more annually.
       Unfortunately, the problem with not renewing the tax breaks 
     for those who make $250,000 or more is that many of those 
     individuals are small business owners.
       We all know that the majority of jobs in America are 
     created by small businesses.
       If the tax breaks are not continued for middle class 
     workers, they would see an average increase of $1,500 per 
     individual in their annual federal income tax. And, if the 
     tax breaks are not continued for small business owners, many 
     of those middle class workers could find themselves on the 
     unemployment lines in 2011.

[[Page 17456]]

       Why not amend the tax law to continue the tax breaks for 
     everyone, who makes less than $250,000 annually and for small 
     business owners, who make no more than $500,000 annually? 
     This would help middle class workers continue to make ends 
     meet and help small businesses with minimum operating capital 
     stay afloat in this shaky economy that is still in a rebound 
     stage.

  Madam Speaker, oftentimes the best ideas come from real America, not 
just those generated here inside the Washington Beltway. I hope my 
colleagues will take to heart this urgent plea from the editors and 
publisher of the Monroe Journal.

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