Higher Taxes Kills Jobs

Floor Speech

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Mr. WILSON of South Carolina. Mr. Speaker, sadly, with the unemployment rate rising on Friday, today's Investor's Business Daily's lead editorial is correct: With unemployment now at 9.2 percent and job growth at a standstill, is there anyone not blinded by ideology or rank partnership who can't see that Obama's spend-and-regulate economic plan has been an utter failure?'' Citing that the unemployment rate has dipped below 9 percent in only 5 of the President's 29 months in office, the verdict is clear: ``No President since the Great Depression can match that record of failure.''

On Friday, The Hill proclaimed the President's campaign responds that people won't vote based on the unemployment rate. I believe the American people know better. Even worse, now liberals are pushing harder for tax increases that will kill jobs. Liberals do not understand, as The Lexington County Chronicle explained, people's income belongs to them and does not belong to the government. Tax increases hurt small businesses and kill jobs.

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

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