This amendment, and furthermore any move that would raise taxes on American workers and businesses, is going to reverse the positive effects of the progrowth economic initiatives that this House passed just last year. Those initiatives were the largest tax relief since Ronald Reagan. The U.S. economy is strong, it is growing stronger, and it is proving that the Republicans' clear, comprehensive progrowth agenda is working for America. This Republican-led Congress understands that the best way to expand the economy and further great jobs is simply to leave more money in the hands of the people who earned it. Now, if the Democrats do not believe this, all they have to do is look at the negative effects that States such as California, the Democrats there have spent with the tax-and-spend policies, it has had on that State. California's tax and regulatory structure crippled that State. In 1 month alone, California lost 21,000 jobs, more than any other State, more than the rest of the country combined. When you compare that to other States, the once invincible California economy was suffering from competitiveness crisis. Simply this, when taxes are raised, businesses leave, and jobs and wages are lost, negatively affecting the economy.
Scott Garrett: “This amendment, and furthermore any move that would raise taxes on American workers and businesses, is going to reverse…”
Editor's note · Context
Discussing the impact of tax policies on the economy during a House floor debate.
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