Gingrey on Tax Freedom Day: Burden Too High
As our nation celebrates Tax Freedom Day today - the day Americans have earned enough income to pay all their taxes - U.S. Congressman Phil Gingrey emphasized the need to extend Republican tax relief and ease the tax burden on American families.
"This year, Americans worked from January 1 to April 26 just to make enough to cover their tax burden," said Gingrey. "Three and a half months' salary is simply too much to pay in taxes. Americans are spending more on taxes than on clothing, food, and housing combined!"
"This Republican Congress has worked hard to lower taxes, create good jobs and boost the economy," said Gingrey, referring to the 2001, 2003, and 2005 Republican-backed tax relief. "We've reduced capital gains and dividends taxes so Americans aren't penalized for investing. We've allowed small businesses to deduct more in assets like buildings and machinery. We've passed tax credits for parents, and protected more families from the Alternative Minimum Tax. We're phasing out the death tax. All of these reforms let Americans keep more of their hard-earned money. Now, it's imperative we make this tax relief permanent."
"Republican policies are keeping our economy strong. When Americans control their money, they have more to invest, more purchasing power, and our economy creates more jobs. Tax relief empowers people over bureaucrats and economic opportunity over political power. It's time to make this good policy permanent."