the President glossed over the biggest tax increase in history. I do not think we ought to let that happen without reminding the American people that there was a lot more in that tax increase than just an increase on wealthy Americans. There was, of course, the gas tax which will be paid by every American in several different ways, at the pumps and with everything they buy. There were new marginal rates which will take some $220 million out of the median taxable income of every district of America. Some of this is even retroactive to before people died. Then, of course, there is the increase in the corporate tax rate which will affect jobs in America, and there is the increase in the Social Security taxes that will affect Americans with as little as $34,000. Finally, we are going to tax parking on our staff people if it is worth over $155 a month. Certainly that is not a perk but a safety measure. Mr. Speaker, I hope the President will become a little more candid with the American people when he talks about his tax policies.
Editor's note · Context
Ewing addresses the implications of a significant tax increase proposed by the President.
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