Mr. SAM JOHNSON of Texas. Just when I thought the administration's economic policies couldn't get worse, the President is now calling for a tax increase that will hit 53 percent of small business income.
At a time when small businesses aren't able to hire because of the constant threat of higher taxes, that just doesn't make sense.
The President's tax plan does nothing to reduce the ever-increasing national debt. Instead of threatening job creators with more job-destroying taxes, we need to cut spending, get our fiscal house in order, and ensure that American families and businesses will not have to fork over more of their hard-earned money to Uncle Sam.
The President should recognize that job creators put their own blood, sweat, and tears into building their own businesses and that the government shouldn't be destroying small business owners with any tax hike.