After receiving only a few hours to review a complicated $15 billion measure which makes substantial changes to the tax code, U.S. Representative Ed Whitfield (KY-01) voted against a so-called "jobs bill" which will raise taxes while doing little to spur economic growth.
"A little over a year ago, Congress passed a $787 billion "stimulus" bill with the goal of getting our economy back on track and putting Americans back to work," Whitfield said. "Since that time, unemployment has soared to 10.7% in my home state of Kentucky and the national debt has ballooned to a record high of $12.5 trillion. It is crystal clear that we simply cannot spend our way out of this recession. However, Speaker Pelosi and Majority Leader Reid have decided to, yet again, jam through Congress another costly "jobs bill' which will do little to spur long-term job growth. Worse still, they completely shirked the legislative process and passed this bill with almost no input from the majority of Members of Congress. Simply put, the American people deserve better than this."
Whitfield opposed, and the House passed, as amended, H.R. 2847, the Hiring Incentives to Restore Employment Act. The bill increases taxes by over $14 billion and uses budget gimmicks to pay for the proposal, which will ultimately lead to an increase in the national debt. In addition, the legislation was brought to the House floor for consideration approximately five hours after introduction without going through a single Committee hearing or markup and without the input of the majority of Members of Congress.
While Whitfield has been a staunch supporter of providing tax relief to small businesses, the bill passed today includes temporary tax breaks which many lawmakers believe will fail to incentivize businesses to hire new employees. Furthermore, the legislation passed today is a continuation of unsustainable government spending. Whitfield said with the national debt already at $12.5 trillion, and climbing, the U.S. simply cannot afford to continue down this road of fiscal irresponsibility.