Walberg Decries House Leadership's Insertion of 600% Tax Increase on Manufacturers Into 2007 Farm Bill

Press Release

WALBERG DECRIES HOUSE LEADERSHIP'S INSERTION OF 600% TAX INCREASE ON MANUFACTURERS INTO 2007 FARM BILL

U.S. Congressman Tim Walberg (R-MI) today made the following statement after House leadership announced a 600% tax increase on U.S. subsidiary manufacturers will be inserted into the 2007 Farm Bill. These manufacturers employ 201,000 Michigan workers. The 2007 Farm Bill is scheduled to come before the House tomorrow for general debate.

"For several months, the Agriculture Committee worked in a bi-partisan manner to pass a bill out of committee that would make historic investments in conservation, nutrition and renewable energy while maintaining strong support of America's farmers.

"The committee put aside partisan differences and worked together on a bill that meets the needs of American farmers without raising taxes.

"Today, House leadership has brushed aside months of hard work by Republicans and Democrats on the House Agriculture committee and decided to insert a 600% tax increase on manufacturers who employ 5.1 million American workers and pay $325 billion in wages to American workers.

"Right now governments throughout the world are cutting taxes for job-creators to attract investment, and the Democratic proposal will drive investment and jobs out of America and greatly diminish America's competitiveness.

"The House leadership's tax hike will punish the American worker, because their tax increase will drive American jobs overseas and cripple the state of Michigan."

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