Wilson Joins House Republicans to Prevent Tax Increases
FOR IMMEDIATE RELEASE
CONTACT: Emily Lawrimore
202-225-2452 (W)
202-468-3258 (C)
May 10, 2006
Wilson Joins House Republicans to Prevent Tax Increases
Today, Congressman Joe Wilson (SC-02) expressed his strong support for the “Tax Increase Prevention and Reconciliation Act of 2005”(H.R. 4279), which extends the alternative minimum tax relief, the increased limit on small business expensing, and the low rates on capital gains and dividends. Congressman Wilson made the following statement about this legislation:
“The difference between Democratic economic policies and Republican economic policies can easily be summed up by asking one simple question: ’Who spends money better - families or the federal government?’ While Democrats believe the federal government has a better spending plan, Republicans continue to put their trust in American families.
“In 2003, House Republicans passed a series of tax cuts which enabled American workers to keep more of their hard-earned incomes each month. Throughout the past three years, these measures have tremendously helped all Americans by creating over 5.2 million jobs, reducing the unemployment rate to the lowest in three decades, and growing the economy at a record pace. Although Democrats have seen American families benefit from lower taxes, they continue to suffer from the same delusions they had three years ago. Their plan to increase taxes and increase federal spending simply will not help our country. Fortunately, the Tax Increase Prevention and Reconciliation Act of 2005 will give Democrats another opportunity to change their strategy and finally trust the American people with their financial future. Who will House Democrats vote for today - families or the federal government?”
Democrat Delusion
“None of these tax cuts is affordable. None of them creates jobs, and they are not fair. All of them do damage to our long-term economic growth and contribute to the national deficit.”
Minority Leader Nancy Pelosi (D-CA); May 09, 2003
Republican Reality:
More then 5.2 million jobs have been created since August 2003.
Democrat Delusion
“Today this House will vote on the Republicans' wildly irresponsible tax bill which fails to stimulate our economy or create jobs,”
Minority Whip Steny Hoyer (D-MD); May 09, 2003
Republican Reality
Over the past 12 months, employment increased in 48 states.
Democrat Delusion
“Economists nation-wide are in agreement that this type of tax cut will do little or nothing to create jobs or stimulate the economy.”
Rep. Gregory Meeks (D-NY); May 09, 2003
Republican Reality
GDP grew at a strong 4.8 percent annual rate in the first quarter of this year. This follows our economic growth of 3.5 percent in 2005 - the fastest rate of any major industrialized nation.
Democrat Delusion
“Despite their efforts to deceive Americans, this tax cut will not create jobs or stimulate the economy.”
Rep. Linda T. Sanchez (D-CA); May 08, 2003
Republican Reality
In March 2006, four states set record low unemployment rates.
Democrat Delusion
It is questionable about how much it will doàà it is bound to increase interest rates and bound to slow down the growth of this economy, job creation, stifling growth and stifling job creation. That is our concern.”
Rep. John Spratt (D-SC)
Republican Reality
The unemployment rate is 4.7 percent - lower than the average of the 1960s, 1970s, 1980s, and 1990s.
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