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Vote NO on the Rule for H.R. 4853, the so-called Middle Class Tax Relief Act
December 2, 2010
NTU urges Representatives to vote “NO” on the rule for H.R. 4853, the so-called “Middle Class Tax Relief Act,” that fails to extend all 2001 and 2003 taxpayer relief laws.
Hiking taxes, on anyone, in this economy would have terrible effects on consumer spending, job creation, small and medium-sized business activity, and many other ingredients we need for economic recovery. The President himself has said that small businesses are responsible for 70 percent of job creation in America, but half of these small businesses owners fall into the top two income tax brackets, yielding severe consequences for the entire nation if current rates are not extended.
In fact, NTU recently led an open letter to Congress, signed by 313 economists, advocating an extension of all current tax rates on income and investments. There is simply no better option if we are to shrink unemployment and bounce back from the recent financial crisis. Boosting taxes, for anyone, is no way to tackle our current challenges. Prudent spending restraint and a growing economy are the best course to set for our fiscal future.
Moreover, it is unacceptable for House leaders to bring this legislation under a closed rule, thereby prohibiting amendments that could significantly improve the bill in an otherwise open, democratic legislative process. This vote amounts to nothing more than a procedural gimmick to deceive the American people, further alienate opposing viewpoints, and ignore the critical issue at hand.
We urge Representatives to vote “NO” on this rule and work to bring a full extension of 2001 and 2003 tax cuts to the House floor for a vote.
All roll call votes relating to H.R. 4853, the so-called “Middle Class Tax Relief Act,” will be heavily weighted in our annual Rating of Congress.
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