U.S. Rep. Todd Rokita today held a roundtable discussion with more than a dozen Lafayette-area small business owners on the potential effects of the fiscal cliff. Rokita and the business owners talked about the consequences of higher taxes and the uncertainty caused by debt and regulations in Washington, and discussed pro-growth solutions to help grow the Hoosier economy.
"I always find these discussions with Hoosier job creators to be tremendously informative, because they are in the best position to understand the devastating consequences of higher taxes and economic uncertainty coming out of Washington. I'd like for everyone in Washington who talks about making the so-called "rich' pay more to come and meet with these folks in Lafayette to understand how many small business owners would be devastated by higher taxes. Contrary to what the president seems to believe, many of the businessmen and women I met with today have taken cuts in their salaries in the past couple of years just to be able to keep their businesses going.
"Raising taxes on people like these job creators, as the president has proposed, would only raise enough money to fund the federal government for about five days. We simply cannot solve our spending crisis by confiscating even more of the property of American taxpayers and job creators than we already do.
"I intend to continue the fight to stop the spending in Washington, overhaul our tax code and reform entitlements. That's the only way we'll address our spending crisis over the long term," said Rokita.
Friday's discussion was hosted by Industrial Plating, Inc., and was attended by representatives of Triple XXX Family Restaurant, Hippensteel Funeral Home, June Palms LLC, Reed and Company, Magna Dry, Pyramid Sign, Henry Poor Lumber Co., Trinitas Ventures and others. Representatives of the National Federation of Independent Business, which helped organize the event, were also in attendance.