Bachmann Supports Two-Month Tax Holiday
Taxpayers Deserve Help From Washington
Washington, D.C.,
Dec 10 -
Today, U.S. Representative Michele Bachmann (MN-6), a member of the House Financial Services Committee and the fiscally conservative Republican Study Committee, made the following statement in support of tax holiday legislation, H.R. 7309, which she is cosponsoring:
"In this sagging economy, our nation's taxpayers are really hurting. And, this year's marathon of bailouts hurts them more than ever. I come here today to support the Tax Holiday legislation because it's time that Washington bail out Americans, not bury them with extraordinary debt.
"Since coming to Congress, I've seen every corporate and organizational Tom, Dick and Harry hold out their tin cups, begging for billions from America's taxpayers. At some point, we must take a stand and give our taxpayers a break from handouts and bailouts. Supporting this legislation is supporting the hardworking men and women who sent us to Washington."
H.R. 7309 would convert the remaining $350 billion of Treasury Secretary Hank Paulson's bailout funds into an income and FICA tax holiday for January and February of next year. This legislation would provide taxpayers with the freedom to use their hard-earned money as they wish. Rather than being forced to bail Wall Street for its bad decision making, taxpayers would be able to pay bills, save for their children's future, decrease their debt, or make purchases of their choosing.
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