U.S. Rep. Todd Rokita today voted in support of H.R. 8, the Job Protection and Recession Prevention Act, which would extend all current tax rates and prevent an increase of nearly $3,300 per tax return for residents of Indiana's 4th District. H.R. 8 passed the House by a 256-171 vote.
"The tax hike looming at the end of the year would hit Hoosiers at all income levels. Under the plan favored by the president, our tax code would become even more lopsided and unfair in the name of class warfare. Not only is that bad policy, it's immoral, because it demands even more from those who already pay their fair share.
"With our bill, we're extending the current rates for everyone, stopping thousands of family farms from being hit by an increase in the death tax, and preventing a major tax increase from hitting 940,000 American businesses in a recession," said Rokita.
Prior to the vote on H.R. 8, the House voted 255-170 to reject a Senate-passed proposal that would increase taxes and destroy more than 700,000 jobs, according to an estimate by Ernst & Young.
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