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Tax Cuts Resolution

Floor Speech

Date: Dec. 8, 2010
Location: Washington, DC
Issues: Business and Consumers Taxes

Mr. WILSON of South Carolina. Mr. Speaker, a tax cuts resolution has finally been made to protect all Americans from the largest tax increase in American history. I am happy the President recognizes tax increases kill jobs, as documented by the National Federation of Independent Business, NFIB. This resolution protects South Carolina from losing 9,000 jobs a year and $3,000 per family of disposable income, as highlighted by the Heritage Foundation.

I have two corrections. First, the death tax must be permanently repealed, as this double taxation destroys family-owned businesses. Secondly, I am concerned about extending unemployment benefits without paying for them. I understand that hardworking Americans find themselves needing assistance. A commonsense solution is to pay for an extension of unemployment benefits with unused stimulus funds.

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

Congratulations Lexington County Council for recruiting 1,200 new jobs with Amazon.com to the City of Cayce.


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