Mourdock Opposes Obama Tax Increases on Small Businesses

Press Release

State Treasurer and U.S. Senate Candidate Richard Mourdock today criticized President Obama for his call to raise taxes on small businesses by allowing previous tax cuts to expire.

"Raising taxes right now -- again -- is absolutely the last thing we should do in a weak economy. The Washington crowd just doesn't get it. First, the ObamaCare tax and now income tax increases?" Mourdock continued, who stressed that the vast majority of Indiana jobs are created by small businesses.

"President Obama once warned us against raising taxes during a recession," stated Mourdock "But now, faced with the need to make tough choices, he's forgotten."

Appearing with several small business leaders at Daman Manifold Company in Mishawaka, IN, Mourdock also called on Washington to stop political games associated with the tax cut and automatic spending cuts that threaten defense jobs in the South Bend area and across the country. Mourdock recently received the endorsement of the National Federation of Independent Businesses (NFIB), the Associated Builders and Contractors of Indiana (ABC), the US Chamber of Commerce and Business Industry PAC.

"In typical Washington fashion, the White House and members of Congress are playing a game of chicken with American jobs, by attempting to tie their tax increase to saving defense jobs from automatic spending cuts. It's time to stop the games, make thoughtful cuts in federal spending, and save defense jobs," said Mourdock. "We need to start running Washington like we run the State of Indiana," he said.

Recent media reports from Washington suggest that Congressional Democrats and the White House have linked their plan to raise taxes to efforts to head off $1.2 trillion in across-the-board spending cuts required by the budget legislation. The automatic $600 billion cuts from defense will be implemented because the Super Debt Committee's failed to find $1.2 trillion in savings last year.

South Bend, IN is home to AM General, LLC and Honeywell International, Inc.

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