Mr. FLEMING. Mr. Speaker, President Obama says he now has serious ideas about taxes and job creation. I'd like to take him seriously, but the truth is that the President has spent the last 4 1/2 years hammering the Nation's businesses with taxes, regulations, and ObamaCare. His business mandate has already forced many small businesses to convert full-time jobs to part-time jobs.
And let's remember the jobs that have already dissipated due to the medical device companies that are reducing employees to pay a new ObamaCare excise tax. One company has already terminated more than 1,000 workers.
As for taxes, the President's fiscal cliff deal pushes taxes up to as much as 45 percent for many small business owners and investors. That simply diminishes their incentive to move forward with expansions that would create jobs.
So Mr. President, if you'd really like this economy to get going, let's start by repealing ObamaCare and cutting taxes.