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On “Face The Nation”: Freezing All Tax Rates Essential to Helping Economy, Creating Jobs
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September 12, 2010
During an appearance on CBS’ “Face the Nation” this morning, Congressman John Boehner (R-West Chester) said that Republicans are not holding middle-class tax cuts hostage, but instead are focused on working across party lines to do what’s best for our economy, which means freezing all tax rates. Boehner’s comments deprive President Obama of the ability to continue making false claims about where Republicans stand on this critical issue. Boehner noted that in stark contrast to Republicans’ proposal to freeze all tax rates to promote small business job creation, the president’s plan raises taxes on half of small business income in America, punishing the very employers who are already afraid to invest in the economy. During the interview, Boehner called on President Obama and Democratic Leaders to heed the growing bipartisan outcry for freezing all the tax rates and allow Congress to have an open dialogue on the issue this month. Following are the full video and excerpts from Boehner’s appearance on “Face the Nation”:
Boehner Says Republicans Are Not Holding Middle-Class Tax Cuts Hostage, But Instead Are Focused On Bipartisan Solutions To Freeze All Tax Rates: “If the only option I have is to vote for some of those tax reductions, I’ll vote for it. But I’ve been making the point now for months that we need to extend all the current rates for all Americans if we want to get our economy going again, and we want to get jobs in America. … I would hope that there would be an open debate, an open process, and let’s let the Congress decide what the current tax rates should be and for who they should be. I think there’s a growing chorus on Capitol Hill to extend all of these tax rates, and I would hope that we would do it.” “It’s not Republicans standing in the way here, there’s a growing chorus of Democrats in both the House and the Senate, who believe that we should extend the current tax rates for all Americans. When you start to look at who’s going to be taxed, about half of all small business income will be taxed under the president’s proposal. These are the very people that we expect to invest in the economy and to begin creating jobs. Why would we want to punish them?” Boehner: Raising Taxes In A Weak Economy Is A Bad Idea, And Economists Agree: “I think raising taxes in a very weak economy is a really, really bad idea, and most economists would agree with that. And I just think that if we’re going to extend the tax cuts for some Americans, why don’t we extend these current tax rates to all Americans, and get rid of some of the uncertainty that’s out there, so that small businesses can plan, and reinvest in their business, and the new economy.” Boehner Says To Create Jobs, Let's Cut Spending & Stop The Tax Hike -- Now: “I think the other thing that has to happen is that we’ve got to cut spending. If we cut spending we will help our economy, we will send signals to the markets, we will send signals to the business community, that Washington’s attempting to get its fiscal house in order. That’s why the two things that I called on the President to do this week, was to extend all of the current tax rates and let’s do a spending bill this month, not after the election, and not at bloated levels. Let’s go back to 2008 levels which are about 22% below the current rates, and let’s do the spending bill now. And show the American people that we can work together to cut spending and to keep the current tax rates in order.” Boehner: What's New About President's Plan For More 'Stimulus' Spending, More Taxes, And More Uncertainty?: “The president says we’ve had no new ideas, but we’ve offered him new ideas for the last 20 months. And speaking of new, I wonder what’s new about more stimulus spending, more taxes, and more uncertainty for American small businesses. That’s what the president is proposing. And what’s new about that? If the president wants to get serious and wants to do something new, why don’t we cut spending and get rid of this notion that we can continue to spend our way back to prosperity?”
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