Today, Rep. Ed Royce (R-CA) issued the following statement after voting in support of legislation that not only brings much needed certainty to our markets but also stops a massive tax hike on families and small businesses across America:
"Washington has created an unprecedented level of uncertainty that is stifling businesses. Extending these tax rates provides our entrepreneurs, the job creators, the backbone of this country, with the certainty necessary to encourage them to get off the sidelines and invest, create jobs and help us spur economic growth in this nation.
"Unemployment in this country is near ten percent; in California it is twelve percent. At this time it is simply wrong to allow families and small businesses to be hit with a massive tax increase and to further burden our already struggling economy.
"We've got to keep our focus on getting our economy going again and this means revitalizing the private sector. This legislation blocks tax increases on families and businesses that would otherwise put a lug on the economic engine and further delay our economic recovery. Real economic growth has always and will always come from the private sector; Washington must enable business to thrive and expand."