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Job Protection and Recession Prevention Act of 2012

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. GINGREY of Georgia. Mr. Speaker, I rise in strong support of H.R. 8, the Job Protection and Recession Prevention Act of 2012. In August of 2009, President Obama told NBC News, ``You don't raise taxes in a recession.'' Quite frankly, I agree with the President and would take it a step further. We should never raise taxes at all, period.

Unfortunately, if we do nothing before the end of the year, we risk raising taxes on Americans by $384 billion over the next ten years according to the Joint Committee on Taxation. For my home State of Georgia alone, this would represent a tax increase of $3,010 per tax return. At a time when we have had 41 straight months of unemployment, it would be irresponsible to place an additional burden on working families and job creators, particularly when Ernst & Young recently released a study stating that this tax increase would destroy 700,000 jobs.

Mr. Speaker, House Republicans have a simple solution. H.R. 8 will prevent this looming tax increase on all Americans, especially the 1 million small business entrepreneurs that would likely feel the pain the most.

To all of my colleagues, we have a clear choice today. You can either support H.R. 8 to prevent a $384 billion tax increase, or you could oppose this legislation, endorse these tax increases and destroy 700,000 jobs in the process. The choice is yours.

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