[Congressional Record (Bound Edition), Volume 157 (2011), Part 10]
[House]
[Page 13655]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  0910
                       TAX HIKES ON JOB CREATORS

  (Mr. OLSON asked and was given permission to address the House for 1 
minute and to revise and extend his remarks.)
  Mr. OLSON. Mr. Speaker, last week in this Chamber, the President 
challenged a joint session of Congress to pass his jobs stimulus bill. 
He promised the American people that it would be paid for. This week, 
we learned that it will be 100 percent paid for through tax hikes on 
job creators.
  Pinnacle Asset Integrity Services is a small business engineering 
firm employing 100 people in the district I represent in Pasadena, 
Texas. Pinnacle's president told me that the higher taxes proposed by 
President Obama would not affect his personal salary, but higher taxes 
would severely restrict the funds available to him to pay employees 
while maintaining the reserve cash needed for monthly salaries. The 
result? Layoffs.
  Mr. Speaker, tax hikes on job creators like Pinnacle are simply not 
the solution. Regulatory certainty and reasonable tax rates will do 
wonders for job creation. I urge my colleagues to stand with the job 
creators and reject this tax increase.
  Let's get America back to work.

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