Today, Congresswoman Shelley Moore Capito, R-W.Va., stood with West Virginia families and small businesses when she voted for the House Republican plan to stop the massive tax hike scheduled to hit all tax payers on January 1, 2013. The plan also includes comprehensive tax reform:
"West Virginia is one of the few places left where family businesses and corner stores still outnumber big businesses. Small businesses create local jobs and help local economies grow, but unless we act, these job creators will be hit with a massive tax increase in a few short months. The impact on the economy would be huge; a study by independent accounting firm Ernst and Young found that raising taxes on nearly a million small companies would cost us more than 700,000 jobs. With 8 percent unemployment for 41 consecutive months, we need to protect every single job," stated Capito. "I've fought for years for thorough, comprehensive tax reform to make the tax code simpler and fairer. Our plan would enact tax reform and close special-interest loopholes. I hope that Senate Democrats and the President will stand on the side of all West Virginians and vote to extend this much-needed tax relief."