We passed H.R. 6, $7.7 billion over 10 years; H.R. 976, $1.3 billion over 10 years; H.R. 1562, $241 million over the next 10 years; H.R. 2419, $12.1 billion, and the list goes on and on and on. Again, as Americans are striving to pay for their health care costs, their transportation costs, their education costs, why should they be giving more money to Washington, D.C.? And at this time when they are trying to make ends meet on top of the tax increase in their budget, on top of at least seven or eight tax increases propose this year, you have the chairman of the Ways and Means Committee, the gentleman from New York (Mr. Rangel), propose what has now become known in the press as the mother of all tax increases. He will put a huge, almost 30 percent tax on millions of small businesses all across this Nation. Ninety percent of all Americans will pay more taxes under this bill. It will bring in an estimated $3 trillion taken away from American families and American small businesses. This threatens millions of jobs. If we truly care about the American family and the economic perils and struggles that they face, then we want to make sure, number one, they keep the job that they already have instead of sending jobs overseas through excess taxation, regulation and litigation. And again, all of this spending ultimately has to be paid for, and it has to be paid for by a larger tax burden on the American family and a job-killing tax burden on American small business.
Jeb Hensarling: “We passed H.R. 6, $7.7 billion over 10 years; H.R. 976, $1.3 billion over 10 years; H.R. 1562, $241 million over the…”
Editor's note · Context
Discussing the impact of proposed tax increases on American families and small businesses.
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