Congresswoman Virginia Foxx today will vote against a tax increase that is being brought up by House Democrats to increase taxes on many American small businesses, job creators and investors. Foxx has consistently called for stopping all the tax increases that are set to go into effect in less than a month.
"We are in the midst of real economic difficulties, small businesses are struggling to stay afloat and our economy desperately needs all the capital investment it can get," Foxx said. "That's why it is incredibly irresponsible to push a tax hike that will harm many small businesses and job creators in North Carolina and across the country."
"This idea that it's "the government's money' is nonsense. Increasing taxes on the very people who help create jobs while millions remain jobless is reckless and tone-deaf to the wishes of the American people. This Democrat tax increase will likely hit 50% of small business income--dealing a heavy blow to hopes for a strong economic recovery.
"There is bipartisan support for stopping all the tax hikes. This effort to hike taxes on job creators is political theater and nothing else. The American people deserve better."