OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Extend Tax Cuts for Small Businesses

Floor Speech

Date: Sept. 14, 2010
Location: Washington, DC
Issues: Business and Consumers Taxes

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Mr. WILSON of South Carolina. Madam Speaker, over the past month, I have visited dozens of small businesses across South Carolina, and I have met with concerned citizens, all of whom expressed the need for more tax relief, not tax increases.

For 16 straight months, America's unemployment rate has been above 9 percent with nearly 20 million people without jobs. This is clearly a time of urgency, and the last thing hardworking families and small business owners need are more crippling tax hikes. The nonpartisan Joint Committee on Taxation confirms that the upcoming tax hike will raise taxes on 50 percent of small business income in America.

The math is simple: More taxes equal fewer jobs. Congress must act to prevent the job-killing taxes that are headed for American families and provide policies that give American families incentives to invest and create jobs.

In conclusion, God bless our troops, and we will never forgot September the 11th in the global war on terrorism.

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