Congressman Doug Lamborn (CO-05) released the following statement regarding the House's failure to permanently extend the Bush Tax Cuts to all Americans.
"The unemployment rate in October, the latest data available, was 9.6 percent. That marks 15 consecutive months we were at or above 9.5 percent unemployment in this country -- the longest period since the Great Depression. All told, 48 out of 50 states have lost jobs since the failed $1 trillion so-called stimulus bill and nearly 15 million Americans remain unemployed.
"What is the Democrats' answer to the Great Recession? Increase taxes on our small business owners. The Democrats proposal raises taxes on half of all small business income in the country. Democrats are targeting the very employers that need to be hiring more workers and buying more equipment -- not paying more taxes.
"I am a cosponsor of numerous bills in the House that would ease the tax burden on Coloradans, including H.R. 4746, the Taxpayer Certainty Act. This bill would prevent these pending tax increases and further uncertainty for families and small business owners trying to create jobs.
"I know small business will be the economic engine driving our country into full economic recovery. They would suffer terrible damage should their taxes go up. If we want to get Americans back to work, raising taxes is not the solution. The federal government does not have an income problem. It has a spending problem." -- Doug Lamborn (CO-05)