Which Job-Destroying Taxes Will Dems Insist on Raising?

July 5, 2011

FYI, a similar version of this release below went out to the following districts: Jason Altmire (PA-04), Sanford Bishop (GA-02), Tim Bishop (NY-01), Dan Boren (OK-02), Leonard Boswell (IA-03), Bruce Braley (IA-01), Dennis Cardoza (CA-18), Russ Carnahan (MO-03), Ben Chandler (KY-06), David Cicilline (RI-01), Gerry Connolly (VA-11), Jim Cooper (TN-05), Jim Costa (CA-20), Jerry Costello (IL-12), Mark Critz (PA-12), Henry Cuellar (TX-28), Peter DeFazio (OR-04), Raul Grijalva (AZ-07), Brian Higgins (NY-27), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Kathy Hochul (NY-26), Tim Holden (PA-17), Rush Holt (NJ-12), Steve Israel (NY-02), Bill Keating (MA-10), Dale Kildee (MI-05), Ron Kind (WI-03), Larry Kissell (NC-08), Rick Larsen (WA-02), David Loebsack (IA-02), Jim Matheson (UT-02), Carolyn McCarthy (NY-04), Mike McIntyre (NC-07), Jerry McNerney (CA-11), Michael Michaud (ME-02), Brad Miller (NC-13), Bill Owens (NY-23), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Gary Peters (MI-09), Collin Peterson (MN-07), Chellie Pingree (ME-01), David Price (NC-04), Nick Rahall (WV-03), Mike Ross (AR-04), Loretta Sanchez (CA-47), Kurt Schrader (OR-05), Heath Shuler (NC-11), Adam Smith (WA-09), Betty Sutton (OH-13), John Tierney (MA-06), Niki Tsongas (MA-05), Pete Visclosky (IN-01), Tim Walz (MN-01), David Wu (OR-01), John Yarmuth (KY-03)

Which Job-Destroying Taxes Will Ross Insist on Raising?
Democrats’ Addiction to Spending Means They Are Demanding Higher Taxes

Washington — Although the Democrats have long been demanding higher taxes as part of a deficit reduction deal, it remains to be seen which taxes Mike Ross will specifically want to raise. Government spending and debt levels are already having a negative impact on the struggling economy, and raising taxes would further harm job creation efforts when they are needed most. Since the Democrats are increasing their calls for higher taxes by the day, which taxes will Ross insist upon imposing on Arkansas families and small businesses?

“The disastrous effects of Mike Ross and his fellow Democrats’ government spending and borrowing spree are still stifling job creation in a struggling economy,” said NRCC Communications Director Paul Lindsay. “Ross and his Democrat colleagues are unwilling to quit their addiction to spending, so they are instead demanding middle-class families to pay more in job-destroying taxes. Since Arkansas families and small businesses will bear the burden of these tax increases, the least Ross can do is specify which ones he intends to raise.”

The non-partisan Congressional Budget Office Director Doug Elmendorf testified that excess spending and debt are having a negative impact on our economy:

“‘The current level of debt is reducing our output, our incomes relative to what would be the case if we had a lower level of debt, leaving aside the effects of this particular recession, which complicate that,’ Elmendorf said Thursday. ‘Over the longer period of this kind of analysis, higher levels of debt are more damaging.'” (Vicki Needham, “CBO head: Government policies, debt may be slowing growth,” The Hill‘s On The Money Blog, 6/23/11)

And the Democrats’ plans for increased taxes would make a bad economy worse:

“‘Higher marginal tax rates do reduce economic activity to some extent by views of most economists,’ he said.” (Vicki Needham, “CBO head: Government policies, debt may be slowing growth,” The Hill‘s On The Money Blog, 6/23/11)

Since Mike Ross and his fellow Democrats are unwilling to relinquish their free-spending ways, they are now insisting upon job-destroying tax increases. Now Ross should indicate which tax increases he will require to earn his vote on a debt ceiling deal.

Which Job-Destroying Taxes Will Dems Insist on Raising? http://ow.ly/5wYhe #madeinwdc