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.
Share
More from Thomas Ewing
Mr. Speaker, the vote we are about to cast on granting fast track authority is one of the most important this Congress will take before we adjourn. With current international economic turmoil, it is absolutely essential that the United…
as a co-sponsor of this important legislation, I urge my fellow colleagues on both sides of the aisle to support H.R. 221. The bill amends the Fair Labor & Standards Act to allow youths between the ages of 14-18, who are members of a…
I come here to speak about the budget, but I cannot help but respond a little bit on campaign finance reform. The issue should be how do we make those in office live by the rules that are already on the books. I question whether more laws…
Mr. Chairman, I reluctantly rise to oppose this amendment by my colleague. While I am sure it is well intended, it is like some of the other amendments we often get but, fortunately, this year have not gotten on this bill dealing with…





