Reichert Rejects Proposal That Harms America’s Job Creators

Congressman Dave Reichert (WA-08) today rejected a proposal that failed to make permanent the 2001 and 2003 tax cuts, harming America’s job creators.

“With record unemployment and people across our country continuing to struggle, Congress should be doing everything within its power to support job creation, competitiveness and investment,” Reichert said. “Small businesses remain the engines driving the American economy and are our best hope to revive it. In this climate of economic uncertainty, our job creators need smart, sensible tax relief they can count on – the stability of knowing what they owe Uncle Sam from one year to the next, so that they can make important decisions about hiring workers and growing their businesses. That means making permanent all of the 2001 and 2003 income tax rates. As written, this bill would subject nearly half of all small business income in America to a massive tax increase.  Raising taxes on job creators in the middle of a recession is the absolute last thing Congress should do.

“I’m continually amazed that some in Congress will on one hand talk about tax relief and creating jobs, and on the other hand refuse to implement the policies that would make these goals a reality. It’s disappointing that rather than finally addressing the expiring income tax rates for the first time in two years, Congress instead is voting on political theater. There is broad, bipartisan support for making the 2001 and 2003 income tax rates permanent, and Congress should dedicate itself to the creation and pursuit of bipartisan solutions to prevent income tax hikes, support job-creating investments and incentives, and remove barriers for our entrepreneurs. Only then will the American people enjoy the return to economic prosperity that they need and deserve."