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Barrow for Tax Cut Extension
Thursday, 16 September 2010

September 16--  Twelfth District Georgia Congressman John Barrow is supporting legislation that will extend the "Bush Tax Cuts" to all Americans.  The cuts are scheduled to expire the end of the year and have become a point of contention between some members of Congress and the Obama administration which wants to stop the cuts which apply to the top two percent of U.S. taxpayers.

Wednesday Barrow's Republican opponent in the November election, Ray McKinney, issued a statement seeking Barrow's position on the extension.

Vidalia, GA — A handful of Congressional Democrats agree with Republicans that now is not the time to raise taxes on Americans. They support extending the 2001‐2003 tax cuts scheduled to expire in 2011.

Conspicuously absent from that list is U.S. Rep. John Barrow (D‐Savannah).
Barrow’s opponent, Republican Ray McKinney (R‐Lyons) has urged Barrow to let his constituents know:

Do you want to raise their taxes or not? “These tax cuts have been in place for so long there really is no reason to keep calling them cuts,”
McKinney said. “The question now is whether incumbent Democrat Barrow will support the President’s plan to increase taxes or whether he trusts Georgians to use their money to get themselves and our local industries back on the right economic track.”

So often, McKinney said, Democrats talk about how much tax relief “costs.”
“That kind of talk presumes the money belongs to the government in the first place,” said McKinney. “This money belongs to hard working American men and women. It belongs to families. They worked for it and they know best how to use that money to restore growth and prosperity in America. The money
also belongs to the small businesses and investors who will use that money to create private sector jobs.”

McKinney pointed to the six Democrats who have managed to understand the current taxing crisis and support: U.S. Rep. Jim Himes (D‐CT), U.S. Rep. Bobby Bright (D‐AL), U.S. Rep. Gerry Connolly (D‐VA), U.S.
Rep. Gary Peters (D‐MI), U.S. Rep. Harry Mitchell (D‐AZ) and U.S. Rep. Michael McMahon (D‐NY). “John Barrow has voted for several job‐killing tax initiatives,” McKinney said. “I personally call on him: Go against your party’s leaders and join this bipartisan effort to stop the 2011 tax hike on all Americans.”

The congressman's office provided the following statement and a letter he and other congressman sent to House leaders Wednesday.

"I don't think raising taxes on anyone is the thing to do right now.  That's not going to help us recover, and recovery is what we need right now.  That's why I co-authored a letter with 30 of my colleagues today to the House leadership urging 'quick passage of legislation to extend the tax cuts so that American families and businesses have the certainty required to plan and make informed decisions.'  As the letter said: 'The sooner we act, the sooner our nation's economy will benefit.'"
 
Dear Speaker Pelosi and Majority Leader Hoyer:

We urge you to consider legislation to extend all of the income tax cuts contained in The Economic Growth and Tax Relief Reconciliation Act of 2001 (P.L.#107-16). In recent weeks, we have heard from a diverse spectrum of economists, small business owners, and families who have voiced concerns that raising any taxes right now could negatively impact economic growth.

Given the continued fragility of our economy and slow pace of recovery, we share their concerns. We believe in times of economic recovery it makes good sense to maintain things as they are in the short term, to provide families and businesses the certainty required to plan and make sound budget decisions. Providing this certainty will give small businesses, the backbone of our economic recovery, confidence and stability.

While those in the highest income brackets comprise only two to three percent of American taxpayers, economists estimate that they are responsible for 25 percent of national consumer spending. As 70 percent of our economy is driven by consumer spending, this is not the time to jeopardize further growth. It is also estimated that up to one-third of high-income taxpayers are small business owners, our nation's job creators and the backbone of our economic recovery.

All tax cuts can be extended without violating statutory PAYGO. Paying for a short-term extension of the high-income brackets is possible without accruing new debt by using existing surplus funds identified on the PAYGO scorecard, while the PAYGO law already allows for the middle class tax cuts to be extended. This method protects all taxpayers by not adding further to our national debt.

This Congress has taken significant steps to create an environment for the private sector to create jobs. GDP has moved from shrinking at a rate of more than six percent a year to four quarters of sustained growth. After 18 months of private sector job losses, we have seen eight straight months of private sector job growth creating more than 760,000 jobs. Consumer spending is also trending in a modest positive direction. However, our economy is still recovering and decisive action needs to be taken to assist the recovery moving forward.

We urge quick passage of legislation to extend the tax cuts so that American families and businesses have the certainty required to plan and make informed decisions. The sooner we act, the sooner our nation's economy will benefit

We look forward to working with you to extend all income tax rates.

 

 

 
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