Buffet Rule Targets Small Businesses

Floor Speech

Mr. WILSON of South Carolina. Mr. Speaker, the President's proposal of the Buffett rule tax increase is just another political gimmick, rejected by the Senate, which is targeted at small business owners. With our Nation's record unemployment rate of over 8 percent throughout the last 3 years, it is clear the President's policies are destroying jobs and chilling economic growth.

In last week's Washington Post, Charles Krauthammer wrote:

The Buffett Rule is nothing but a form of redistributionism that has vanishingly little to do with debt reduction and everything to do with reelection.

The President is using the Buffett rule tax increase as a way to distract Americans from focusing on his failure to implement policies that will create jobs. House Republicans remain focused on reducing barriers that are discouraging job creation.

I urge my colleagues in the Senate and the President to put party politics aside and work with House Republicans to enact policies that will help create jobs for American families.

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

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