U.S. Congressman Pat Tiberi (R-OH) today released the following statement regarding tax day 2012:
"As Americans file their tax returns, we are faced with looming tax hikes and greater uncertainty. Unless something is done soon, we can expect to see massive tax increases beginning in 2013 (an unprecedented $4 trillion dollar tax increase from the expiration of the 2001 and 2003 cuts, which does not include the $502 billion in Obamacare tax increases, such as the 3.8 percent surtax on real estate and investment income for certain taxpayers). Rather than reversing the coming tax hikes on virtually all tax-payers, and giving job creators the ability to grow, expand, and hire, President Obama and Congressional Democrats are pushing a tax hike that even the President has called a "gimmick.' While the House Republicans are offering a vote on a bill to cut taxes on small businesses, thereby providing needed capital to invest, grow, and create more jobs, Senate Democrats are voting on the president's "gimmick' that does nothing to encourage job creation or cut out-of-control spending. The answers are simple. To overturn President Obama and Congressional Democrats' continuous spending spree and reduce the deficit we must cut spending. The government doesn't have a revenue problem, it has a spending problem. To get more people back to work, we must remove the looming threat of tax hikes on job creators so they will have the certainty they need to implement plans to grow and hire. I continue to work toward comprehensive tax reform that will allow American businesses to better compete, encourage economic growth and reduce burdens on families and individuals."