Congressman Reed strongly believes that the tax burden on American families and businesses should be reduced. Particularly in a tough economic environment, the last thing families or employers can afford is more taxes. In fact, Congressman Reed supported legislation to extend current tax rates for two years and lowers payroll taxes for working Americans so they can keep more of their paycheck. Failure to pass this legislation would directly impact every person and business, lead to greater unemployment and a longer recession. The poorest taxpayers would take a hit of more than $500. The average middle class family in the 29th District would pay more than $1500 in increased taxes.
Congressman Reed believes the government already takes enough from our families and businesses and supports extending these tax rates permanently to provide middle class Americans and small business owners certainly to properly plan and budget so they can grow and create new job opportunities.