INHOFE SAYS OBAMA WRONG TO CALL FOR TAX INCREASE
July 9, 2012
WASHINGTON, D.C. – U.S. Sen. Jim Inhofe (R-Okla.), a leading fiscal conservative, today responded to President Obama’s call for Congress to raise taxes on small businesses and job creators who make more than $250,000.
“This is nothing more than President Obama trying to pivot back towards his campaign rhetoric that is aimed at creating class warfare in this nation,” said Inhofe. “Raising taxes on job creators is the wrong thing to do especially when our economy has stalled with the unemployment rate remaining above 8 percent for 41 straight months. President Obama has spent the past four years running up $5 trillion in deficit spending. Instead of reigning in his federal spending priorities that promote his social agenda, he wants to raise taxes. Americans have repeatedly rejected this liberal tax and spend ideology because they know it is not what is best for our country. Just two years ago when our economy was growing at a faster rate, the President said it was not wise to raise taxes in a slow economy. Now he wants to increase taxes on more than 940,000 of our nation’s small businesses, despite the fact that small businesses have historically created two out of every three new jobs in America. We should extend the current rates to give our farmers, family-owned shops, and entrepreneurs the certainty they need to hire and grow.”
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