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Press Conference with House Minority Leader John Boehner (R-OH); Rep. Roy Blunt (R-MO); Rep. Tim Walberg (R-MI)' Rep. Adam Putnam (R-FL); Rep. Marsha Blackburn (R-TN) - Taxes and the Economy; The Tax Increase Prevention Act


Location: Washington, DC

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REP. BLACKBURN: Thank you, Mr. Whip.

One of my constituents the other day said -- he was asking about the single largest tax increase in history, and he said, "Let me tell you something, I have too much month left at the end of my money like it is." And I think that's what a lot of our constituents are feeling. There is too much month left at the end of their money, and they have grown ill and fatigued with the federal government trying to scoop a little bit more and calling it by, well, it's not really a tax, well, we're going to let this reduction expire. People have caught onto this game. And I think that Mr. Walberg has exactly the right approach on this, to prohibit these increases, because our small-business owners need to be able to keep expensing. They need to be able to have access to self-tax deductibility in states like mine, in Tennessee, and Florida and Texas and Nevada and Washington State and South Dakota. This is an important thing for them.

Parents want to make certain that they keep every penny they can possibly get for their child tax credit, marriage penalty relief. And then the death tax, to bring it back full bore when people have already paid triple tax on that -- they pay a tax when they acquire an asset, they pay a tax as they maintain that asset, and they pay income tax on the money they earned to buy that in the first place, and then when they die they're paying again.

So people have really gotten tired of it. It is the single largest tax increase in history. They are ready to see the scheme stop and to be able to have more money left at the end of their month.


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