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Black Votes to Stop the Tax Hike on All Americans

Aug 1, 2012 Issues: Tax Reform

WASHINGTON – Today, Congressman Diane Black (R-TN) released the following statement after the bipartisan passage of H.R. 8, the Job Protection and Recession Prevention Act, which stops the job-destroying tax increases at the end of the year by extending current income tax rates for all Americans. Rep. Black co-sponsored H.R. 8. 

“Today, with my support, the House voted to stop the tax hike on all Americans, and tomorrow we will move forward on comprehensive tax reform. We have made an important choice to do what must be done to help create the conditions for job creation and economic growth. This is a critical step to provide small businesses the certainty they desperately need to grow and create jobs.

When nearly 23 million Americans are struggling to find full time employment, President Obama and his Democrat allies seem to think that now is the time to raise taxes on small businesses. The president may be satisfied with 8 percent unemployment for 41 straight months, but I am not, and more importantly, the American people are not satisfied. The American people should not have to settle for a country with fewer and fewer opportunities and a diminished future. Comprehensive, pro-growth tax reform will result in 1 million new jobs in the first year alone. That stands in stark contrast to the Democrats’ plan of higher taxes for 1 million small businesses, 710,000 fewer jobs, and no mention of tax reform. This is yet another example of the failed leadership of this administration that has given us the weakest economic recovery since the Great Depression.

The president seems to think that we are just one tax increase away from prosperity. But when has a nation ever taxed its way to prosperity? Prosperity is built by the American people, not the government. America’s entrepreneurs and small businesses are the lifeblood of the American Dream and the backbone of our economy. To revive our struggling economy and keep the American Dream alive, we must stop this tax hike and reform our broken tax code.”

Click here to watch Congressman Black’s floor remarks on H.R. 8