Congressman Dave Reichert (WA-08) today released the following statement:
"Congress cannot tax our country into economic recovery," Reichert said. "At a time when Congress should be promoting job creation, competitiveness and investment, today we've seen exactly the opposite -- and it's being done in the name of teachers, first responders and health care. Today's vote means a permanent, $12.2 billion-dollar tax hike on employers that will seriously harm their ability to compete in the global economy, and it means cuts to the Department of Defense. That's exactly the wrong action to take in the middle of a recession, when even by the administration's own calculations these tax hikes could cost an estimated 141,000 private sector jobs.
"It is clear that government is broken," Reichert continued. "Temporary bailouts should not be paid for with permanent tax increases that can have such negative, long-term economic consequences. What Congress should be focused on instead are common-sense, bipartisan solutions that extend critical tax relief, provide access to job-creating investments and incentives, and remove obstacles from the paths of our innovative entrepreneurs. That's what will deliver the recovery Americans need and deserve, and I'll never stop fighting for these proposals."