Rae Oliver Davis: “Most folks do not realize that with the vote that took place, changing the House's Congress in 2006, put us on the clock…”

“Most folks do not realize that with the vote that took place, changing the House's Congress in 2006, put us on the clock for a tax increase that will come. The chairman of the Ways and Means Committee, the tax-writing committee in the House, has said that there is no tax cut that he sees that is worth keeping. I think that shows a blindness to the dramatic economic impacts that have hit where we are at all-time manufacturing productivity and all-time low unemployment that is remarkable in these times, that we have created 7 million new jobs. What is going to happen in 1,398 days is a tax increase that will hit the average working family in this country with a $2,092 tax increase, and that will happen without any legislation being introduced. The way the prior tax cuts were drawn, we would extend them every 2 years. That extension right now appears to not be happening.”