I would ask my colleagues from the other side of the aisle why did they write them into the law? Because these are Republican tax hikes that we are dealing with, trying to decide what makes sense from a fiscal standpoint and from a fairness standpoint. I love the fact that people talk about job-killing tax hikes as if every small business is going to make a decision based on what their personal tax rate is. I come from a family of small business people. My father was a small businessperson who built a very large company. I have two brothers who are small businessmen. I have a sister who is a small businessperson. I ran a small business. Not one of us ever made a decision about what we would do in our business based on whether a few more percentage points would come out of our net income, particularly when we're dealing with people who are mostly making millions of dollars a year. He said, you know, if nobody can afford barbecue, it doesn't matter what my tax rate is.
John Yarmuth: “I would ask my colleagues from the other side of the aisle why did they write them into the law? Because these are…”
On the recordDecember 2, 2010
Editor's note · Context
Speaker Yarmuth discusses the impact of tax rates on small businesses and the misconceptions surrounding job-killing tax hikes.
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