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President’s Tax Hike Plan Will Cost 710,000 Jobs the Country Cannot Afford to Lose

Congresswoman Virginia Foxx (R-NC) stood up for American taxpayers today and voted twice to stop ALL scheduled 2013 tax increases. A bipartisan majority in the House voted with Foxx to defeat President Obama’s tax plan that would increase taxes on 940,000 small businesses next year. Immediately after, by a bipartisan vote of 256 – 171, the House passed the Job Protection and Recession Prevention Act (H.R. 8) to maintain current tax rates for all Americans.

“Raising taxes will make it harder for small businesses to grow and create jobs,” Congresswoman Foxx stated. “Any plan that seeks to increase taxes on the American people in order to blunt the consequences of Washington’s overspending ought to be a non-starter, especially in this dragging economic recovery.

“We need more Americans working, not fewer. But the President’s tax hike plan will cost an estimated 710,000 jobs our country cannot afford to lose. That is why I cast my vote today in support of the Job Protection and Recession Prevention Act and tax relief for ALL Americans.

“Washington’s money problems are the result of years of choices to overspend on failures like “Stimulus,” Obamacare, Solyndra, and bailouts. They do not exist because the American people are not taxed enough.

“There is a great deal Congress can do to remove obstacles to private sector job creation. In addition to passing the more than thirty jobs bills awaiting consideration in the Senate, both houses need to reform the United States Tax Code to make it simpler, flatter, and fairer – not a loophole haven for corporate lawyers. The Job Protection and Recession Prevention Act we passed today lays the groundwork for pursuing such reforms.”

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