Leader Cantor Remarks On House Pro-Growth Tax Measures
August 2, 2012
Contact: Doug Heye, Megan Whittemore
202-225-4000

 

“The choice before us is very clear. The priority for all of us is jobs. The choice of how to best create an environment to create jobs is: are we going to have taxes go up or not? House Republicans have put forward solutions to stop the tax hike so that we can help create jobs for small businesses and beyond.

“Given that economic growth has stalled under President Obama’s policies, it is downright puzzling that he and our colleagues on the other side of the aisle would push for raising taxes on working families and small business owners.

“Nearly two years ago, President Obama opposed the same small business tax hike he now supports. Back then, he acknowledged that raising taxes was the wrong thing to do if you want to bring about job creation in a tough economy. This raises the question: does the President actually think that the economy is doing so well that we should now tax job creators?

“Now, our Democratic colleagues offered their own tax proposal. Instead of offering a plan that would spur economic growth, the minority put forward the President’s small business tax hike. But as we saw, the only plan with bipartisan support that passed the House this week was the plan to ensure that taxes don’t go up on any American.

“As many on both sides of the aisle have made clear, the last thing small businesses need right now is a tax hike. There’s no mystery as to how small business owners will respond when faced with higher taxes from Washington. They’re rational actors. When something costs more, you’ll get less of it. With less money to the bottom line, small businesses won’t be able to grow as much and they will not be able to expand as easily.

“As was said before by my colleagues from Michigan and from Illinois, I think all of us agree on both sides of the aisle and both sides of the Capitol that we need tax reform. This bill before us paves the way for pro-growth tax reform. This measure puts us on a path toward a simpler, flatter, fairer tax code. If you support comprehensive tax reform that will spur economic growth and make this country more competitive, you'll vote for the bill. It's that simple.

“I want to thank the gentleman from Michigan for his leadership this week and many others for shepherding the movement for tax reform in this body.

“Ultimately, today’s vote on his bill should be the easiest vote we take all year. Do we believe small business owners are the backbone of our economy? Do we want them to grow their businesses and create jobs? If the answer is yes, then you will support this bill.”