Friday, December 3, 2010

Jobs Report Yet Another Reason for Congress to Act on Taxes

Congressman Bill Shuster released the following statement on today’s job report:

“The economy added only 39,000 new jobs in November, marking the 19th consecutive month that unemployment has stayed above 9 percent. In the face of these numbers the outgoing Democrat leadership in the House voted yesterday to increase taxes on an estimated 750,000 small businesses.

The economy is still in a state of uncertainty. Businesses are trying to plan for next year under the looming threat of a massive tax increase that will take effect less than 30 days from now unless Congress does its job and extends the current tax rates into 2011 for all Americans.

The American people sent Washington a message on election day that they are tired of false promises and failed leadership on the economy. Instead of taxing more, Congress needs to spend less. I am committed to working with my colleagues in the incoming 112th Congress to roll big government back and let our business community do what it does best: innovate and create opportunities for all Americans.”

Shuster Votes NO on Flawed Tax Bill Opposes Massive Tax Increase on Small Businesses

“Real tax relief means that all Americans get the chance to keep more of their own money instead of sending it to Washington to be spent recklessly. We don’t need to tax any more, we need to spend less.

The Democrats’ flawed tax bill fails to recognize this by increasing taxes on many Americans who own small businesses and by law report their business income as personal income.

While many of these business owners make over $250,000 a year, they are anything but rich. Their income is used to make payroll and it is reinvested into their enterprises. Raising taxes on the people who create jobs and drive our economy is misguided and damaging to our economic recovery. For that reason, I support the complete extension of the Bush tax cuts for all Americans, not just for those selected for political expediency.”