You know, American businesses and families are wondering what will their tax rate be come 2013. Well, a lot of us are wondering the same ourselves because the President seems intent on making sure that we have a massive tax increase that hits families and successful small businesses come January 1, 2013.
We think it's a mistake. We don't think it's the right way to go. There's all this uncertainty plaguing the economy as to what our tax rates are going to be. So next week in the House of Representatives, we are going to be passing legislation to show very clearly, here is what we want to do.
We want to extend the current tax code for one more year and have fast track procedures in the House and the Senate to make sure that we actually embrace tax reform. The days of picking winners and losers through the tax code need to come to an end. We need to lower our tax rates by plugging loopholes so we don't lose revenues but by making it easier for families to keep more of what they earn, for small businesses to take risks and create jobs.
If this tax increase hits our economy come January as the President seems to be committed to doing, it is going to cost us jobs. It's going to make our businesses less competitive. One estimate says it could cost us 700,000 jobs. All of this uncertainty, all of this taxing and spending -- it's not working.
We need to reform our tax code, cut our spending, and give families and businesses the certainty that they need to make good decisions so they can prosper and create jobs in this economy - that's exactly what we're doing in the House of Representatives next week.
This guy is a puke.
Chuggleshack 2 hours ago in playlist Uploaded videos
Obama plans to rasie taxes for people making more then 200,000 by 1 percent. How is that going to negatively affect people making under 200,000?
LypyakI 3 hours ago
Bill Clinton compromised and lightly raised taxes in a strong economy. Clinton was pro business and for less regulation. Obozo is for raising taxes in a down economy. We're headed into another recession.
Liberator8049 in reply to emanownz159 (Show the comment) 1 week ago
ROMNEY RYAN 2012
SuperSonicTailsEas 1 week ago
Let me see those 111 bills.
SuperSonicTailsEas in reply to yakyakyak69 (Show the comment) 1 week ago
Didnt bill clinton raise taxes and he created SO many jobs?
emanownz159 1 week ago
tax heavier all companies in the USA that MFG overseas,Tax imports !
give small US biz's tax breaks for hiring here at home,oh and tax Obama riches supporters like Clooney and BradPitt
excelerater 2 weeks ago
Congressman Ryan's refusal to help the 1%ers pay their fair share, while suggesting the middle and working class take all the remedies subscribed by the GOP to arrest the deficit is unfair. It's truly a damaging idea to the average American family to swallow such a recommendation, after paying dearly under the previous admi'n. If they care about America, then GOP need to show it by passing the middle tax bill held hostage by the House, and then argue on behalf of the 1% top income earners.
Airforcing 2 weeks ago in playlist Uploaded videos
the taxpayer until all people are feeding of the taxpayer and there are no taxpayers as opposed to the billionaires investing their money to hire more people, who will then work their way up
Kelso Anderson in reply to NoneUNo (Show the comment) 2 weeks ago
my definition of socialism is everyone being forced to give at least 40% of my
money forcefully to anyone, including corporations-right now under obama and paul ryan voted for this we are giving trillions of dollars too banks and the federal reserve, allowing the fed to shift wealth massively to the upper class through inflation and fed bailouts. social security should be called socialist security. if we do not have taxes low, no one will have any upkeep to make more money and will then feed of
Kelso Anderson in reply to NoneUNo (Show the comment) 2 weeks ago