Marino Acts to 'Stop the Tax Hike'
FOR IMMEDIATE RELEASE
August 2, 2012
Passage of House bills address looming tax increase and tax code reform
Washington, D.C. – Congressman Tom Marino (PA-10) released the following statement upon House passage of H.R. 8, the Job Protection and Recession Prevention Act of 2012 and H.R. 6169, the Pathway to Job Creation through a Simpler, Fairer Tax Code Act of 2012.
“This week, the House of Representatives continued to fulfill its promise to all American taxpayers and small businesses by passing legislation that will prevent a massive tax increase, protect at least 700,000 jobs, and set the stage for enactment of comprehensive tax reform that will lower individual and business rates and eliminate loopholes. Corporations in this country currently have the highest tax rate in the world at 39.2%. We must keep taxes low and continue our efforts to reform the tax code to boost the economy and create jobs.
“Yesterday, members of the House, including 19 Democrats, voted 256-171 (Roll no. 545) in favor of H.R. 8, legislation that will stop President Obama’s tax hike on small businesses across the country. And, the House passed H.R. 6169, legislation to encourage a simpler and fairer tax code, by a vote of 232-189 (Roll no. 552).
“President Obama made a lot of promises to the American people in 2008. He promised that no family making less than $250,000 would see any form of tax increase. He promised that passage of his ‘stimulus’ bill would keep unemployment below 8 percent. Unfortunately, President Obama’s rhetoric has not matched his actions and his failed policies have left unemployment at or above 8 percent for 41 consecutive months. Members of the House will not stand idly by while this President enacts the single largest tax increase on hardworking American families.”