U.S. Congressman Mick Mulvaney (SC-05) held a press conference today at Resolute Forest Products to introduce the Keeping Promises to Taxpayers Act of 2012. The bill, introduced in the House on February 16, 2012, would repeal 12 tax increases signed into law by President Obama.
As a presidential candidate in 2008, then-Senator Barack Obama promised not to raise taxes on any families making less than $250,000 per year. It took only 15 days for President Obama and the Democratic-led House and Senate to break this promise. President Obama has continued to take money away from America taxpayers by breaking that promise at least 11 more times. The Keeping Promises to Taxpayers Act of 2012 will give back the money that President Obama took away from hardworking taxpayers.
"We're here today because since President Obama came into office, taxes have gone up on families making under $250,000 per year. That's not right, and in fact it breaks the President's own promise. Folks here at Resolute Forest Products, and all over South Carolina, are paying more taxes now than they were before President Obama was elected.
"Some folks accuse Republicans of only being concerned about preventing taxes on the so-called rich. The truth of the matter is that we are concerned about all tax increases, on anybody. Washington has a spending problem, not a tax problem. And asking people to pay more, just so Washington can continue spending money, is wrong.
"This bill is pretty simple: I think people should be able to keep more of their money, not less. The President used to say the same thing, but apparently his actions haven't matched his words, and it is time to fix that."