Sam Johnson speaks out against tax hikes
Washington,
Jul 21 -
Today U.S. Congressman Sam Johnson (3rd Dist.-Texas) spoke out against pending tax hikes slated to take effect next year. Starting January 1, 2011, Washington Democrats will impose a $3.8 trillion tax hike on hard-working Americans, small business owners and retirees.
This tax increase will affect every American who pays income taxes through higher tax rates on individuals, families, and small businesses. Married couples and parents will be singled out for even higher taxes, and there will be significant tax hikes on the very investments that grow the economy and create good jobs. Even the death tax – repealed entirely for 2010 – will be resurrected on January 1, 2011.
Under the new tax hikes a family of four earning $50,000 per year could pay more than $2,100 in higher taxes; a single mom earning $36,000 per year could pay over $1,100 more in taxes; and married senior citizens earning $40,000 per year could pay more than $1,400 in higher taxes according to the Joint Committee on Taxation.
To watch the Congressman’s floor speech, go to his YouTube channel, http://www.youtube.com/user/RepSamJohnson.
Prepared remarks follow:
“When the clock strikes midnight on December 31, 2010, a $3.8 trillion Democratic tax increase will ring in the New Year.
“The Democrats’ ticking tax bomb means that all taxpaying Americans will face higher taxes starting on January 1. For married couples get ready to give up date nights in order to pay the tax penalty for saying ‘I do.’
“For families with children get ready to give up the family summer vacation so that you can fork over to Uncle Sam an extra $500 per kid in taxes. For already struggling small business owners get ready to share more of your hard earned profits with Uncle Sam - hard earned profits that could be used to hire new workers.
“The American people want, need and deserve better than the Democrats’ massive tax hikes to pay for their big government agenda.”
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