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Where do you stand: higher taxes or more jobs?
Posted by Press Office on August 12, 2012

Where do you stand: do you want higher taxes for families and small businesses -- or more jobs and a stronger economy? Here’s a chart that compares the Democratic and Republican tax plans – and below is a look at what others are saying about both:

House Republicans are the only ones to pass a bipartisan plan that stops all of President Obama’s tax hikes on middle class families and small businesses, and to replace the devastating defense cuts that threaten our national security. Senate Democrats haven’t taken action (or passed a budget in more than three years) and President Obama is blaming everyone but himself for his failed economic policies. Here’s what others are saying:

  • SMALL BUSINESSES: After president told small business owners “you didn’t build that,” many “are too afraid to spend or hire” under the looming threat of a tax hike.  One says there “could not be a worse time” for higher taxes.

  • ECONOMISTS: A former Congressional Budget Office director says raising taxes would be “madness.” Other economists say the president’s tax hikes are “misguided in the extreme” – and all of them must be stopped.

  • INDEPENDENT EXPERTS: After 42 months with unemployment above eight percent, a nonpartisan study by Ernst & Young found the president’s small business tax hike would destroy more than 700,000 American jobs.

  • MANUFACTURERS: The National Association of Manufacturers says the president’s tax hikes are a “fundamentally bad move” that will hurt investment and job creation.

  • AMERICAN PEOPLE: A McClatchy-Marist survey found a majority of Americans (52 percent) “prefer the Republican proposal to” to stop all of the president’s tax hikes – they don’t want taxes raised on anyone.

  • MANY DEMOCRATS: More Democrats – including former President Clinton – are coming out against President Obama’s tax hikes. Even President Obama himself once said stopping the tax hikes was necessary to help our economy.

  • OBAMA ADMINISTRATION: Top officials say the ‘sequester’ cuts threaten our national security. The House voted to replace those cuts with common-sense savings and reforms.We’re still waiting for the president’s plan.

  • REPUBLICANS: Republican leaders said they are ready to reconvene the House at any point if Senate Democrats also vote to stop all of the tax hikes that threaten our economy and replace the defense cuts that threaten our security -- or act on the more than 30 other House-passed jobs bills.

  • WHERE DO YOU STAND? Click here to answer our Facebook Question and let us know what you think, or leave your message in the comments below.
Comments
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
  • charles shanks commented on 8/15/2012
    JOBS JOBS JOBS, Citizens can handle their money better than washington .JOBS are addition and multiplication, Taxs are subtraction everytime you work it.
  • Claire Morress commented on 8/23/2012
    Bush tax cuts and Reagan' trickle down' theories have only trickled up to the wealthy. Give a reason why a middle class Ohioan who pays 32-33% taxes should sign on to a ticket that reduces taxes for the wealthy (and apparently the wealthiest of us only pay 13%) and guts the only health care we will have when we retire? If you are offering us such a good deal, why don't you sign on to it yourself? This includes paying the same tax rate, health care and pension that all Americans have available to them (or not!) If everybody bought into the system, perhaps we would not be so hasty to gut it, I bet that more moderate deficit reduction strategies would become apparent. Here is what is needed to bring fairness and balance to deficit reduction strategies. Congressional Reform Act of 2012 1. No Tenure / No Pension. A Congressman/woman collects a salary while in office and receives no pay when they're out of office. 2. Congress (past, present & future) participates in Social Security. All funds in the Congressional retirement fund move to the Social Security system immediately. All future funds flow into the Social Security system, and Congress participates with the American people. It may not be used for any other purpose. 3. Congress can purchase their own retirement plan, just as all Americans do. 4. Congress will no longer vote themselves a pay raise. Congressional pay will rise by the lower of CPI or 3%. 5. Congress loses their current health care system and participates in the same health care system as the American people. 6. Congress must equally abide by all laws they impose on the American people. 7. All contracts with past and present Congressmen/women are void effective 12/1/12. The American people did not make this contract with Congressmen/women.
  • Sarah Carmack commented on 9/5/2012
    Thank You Claire!! You said Almost EveryThing I was thinking! I also approve of the "flat" tax rates that would eliminate loop-holes for the wealthiest 10% of Americans. They find the stupidest things to list for "business" expenses!
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