Virginia Foxx: “Since January of 2009, President Obama and Congressional Democrats have enacted into law gross tax increases totaling…”

“Since January of 2009, President Obama and Congressional Democrats have enacted into law gross tax increases totaling more than $670 billion, or more than $2,100 for every man, woman and child in the United States. The list of tax increases includes at least 14 violations of the President's pledge not to raise taxes on Americans earning less than $200,000 for singles and $250,000 for married couples. To back up what you were saying, according to the Congressional Budget Office, the nonpartisan Congressional Budget Office, if we could have a full repeal of the death tax, we could create 1.5 million jobs and increase small business investment capital by more than $1.6 trillion each year. Now, you're talking about the fact that, again, our colleagues across the aisle don't really understand that people don't have to be wealthy to be paying these high taxes, and we know that, if they allow the tax cuts from 2001, 2003 to expire, it is going to be the largest tax increase in the history of this country, and that is where we are going to hurt the economy tremendously because of that.”