On the recordJanuary 16, 2007
we both had the opportunities to pursue the American Dream, to start our own businesses and create jobs. I look back on the last time there was a large increase was in the administration that came in in 1993 that passed one of the largest tax increases in American history. What that meant to our business was less jobs, money that could have been reinvested and employed more people. The one thing we need to understand is that people know how to spend their money better than government does, to keep it in their local communities, to stimulate that local economy. And the tremendous increases in taxes just went to further Federal spending. I think the thing that we have seen by policies that allowed people to keep more of their own money is we don't raise taxes, we create more taxpayers. One of the things that is lost in much of the political noise that has gone on over the course of the last year is that revenues from income taxes have been at the highest point in American history because the most jobs have been created by allowing people to keep more of their own money. But in the aftermath of the last election, what most folks don't realize is that the average working-class family making between $30,000 and $50,000 a year has voted themselves a tax increase of over $2,000 that will take place in 1,446 days unless Congress acts as a majority.
Source
govinfo.gov




