Congressman Peter Roskam (IL-06) released the latest installment of Ask Peter today, a frequent video conversation with Sixth District residents about issues important to them. In this segment, Congressman Roskam responds to a comment from David Cannon of Elk Grove Village about raising taxes, as President Obama has recently advocated.
Ask Peter videos are available to the public at Roskam.house.gov, facebook.com/reproskam, twitter.com/peterroskam, and via press release. The videos are sent to constituents via e-mail, Facebook, or Twitter, depending on how they contacted the Roskam office.
I'm Congressman Peter Roskam, welcome back to Ask Peter.
I recently heard from David Cannon from Elk Grove Village who raised an interesting point. In a sense he said, "Look, is President Obama's Plan that bad, and is it really going to have that much of an impact on job creation?"
David, I think the answer is yes. There's a word of caution about the president's plan, and it's largely focusing in on a study that was recently published by Ernst and Young.
Ernst and Young said that if it moves in to place, in other words, if you raise taxes as the president has contemplated, it would adversely impact 700,000 jobs nationwide and 30,000 jobs in Illinois.
That's a major problem.
A lot of companies pay at the individual tax rate, ironically, you are raising taxes on job creators.
And here's the point: 54% of people in Illinois work for those types of companies. So I say, let's not tax the job creators. Instead, let's go a different direction, and let's reform the tax code.
So this week the House has moved for language that creates a pathway to remove the obstacles for job creation, to reform the tax code, to get rid of the crony capitalism and all the nonsense that makes all of us upset about it, and to move forward on a pathway that makes sense.
I need to hear from you and others, through email and phone call and Twitter and Facebook, old fashioned letters too.
I'm Congressman Peter Roskam. Thanks for watching.