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Mr. HURT. Mr. Chairman, I thank you for your leadership on this issue.
Mr. Speaker, I rise today in support of the House plan to stop this massive tax hike on the American people that is set to take place at the end of this year.
The people of central and Southside Virginia know that our economic outlook is bleak. Spending is on the increase, unemployment is high, high fuel prices have left lasting damage to our economy, and the government take-over of health care is raiding our pocketbooks at a time when we can least afford it.
And now, Mr. Speaker, they want more. Now the President and the Senate say that they want to raise taxes and dig deeper into the pockets of the hardworking American people.
I have said time and again that we have a spending problem in D.C. We don't have a ``we don't tax people enough'' problem. This is now more clear than ever as our national debt ticks upward towards $16 trillion.
Now is not the time to raise taxes on anyone. It will only lead to more job loss and more spending at a time when the American people are counting on us to get our economy back on track. And while we have addressed this tax issue in the House for today, it is equally pressing that we address the issue of our long-term prosperity.
This country has long needed comprehensive tax reform. History has shown that temporary tax extensions will not fix the problem; they simply apply a Band-Aid. That is why the House plan has taken a thoughtful approach to stopping the impending tax hike and laying out our framework for reforming the Tax Code in a way that will make it simpler and fairer.
The House plan also puts in place expedited procedures to insure that Congress does its job once and for all and addresses the dire need for comprehensive tax reform.
I was proud to support the legislation yesterday to stop the massive year-end tax hike, and I am proud to support this bill today to reform our Tax Code. It's the right thing to do for our country, and it's the right thing to do for our children and grandchildren.
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