By, Congressman Hal Rogers
In the short time President Obama has been in office, he, along with Speaker Nancy Pelosi, have passed $670 billion in new taxes and proposed nearly $1 trillion more for next year’s budget. From new taxes on employers, to taxes on health insurance, to higher personal income taxes, to taxes on wheelchairs- there is no relief in sight for small businesses who can barely keep their doors open and families who are trying to put food on the table.
Even worse, while taxpayers are forced to tighten their budget, liberals in Congress have gone on an out-of-control spending spree that gets more expensive by the day. This year the deficit is projected to hit $1.5 trillion, a record no bureaucrat should be proud of. Yet, despite our astronomical debt, Congress continues to pass bills that it cannot afford even though our children and grandchildren will be forced to pay back what was so foolishly promised.
Time and time again I stood up to the President and Speaker Pelosi and said no to their outlandish proposals. On the so-called “stimulus” bill, I voted no because we need to be creating jobs, not financing more bureaucrats and creating more debt that will burden our future generations. On the monstrous “Cap and Trade” bill, I voted no because it would increase taxes by $570 billion and take dead aim at our coal industry, jeopardizing thousands of jobs. And, on the irresponsible government-run health care bill, I voted no because it does nothing to lower health care costs, provides taxpayer assistance for abortions, and will increase taxes for Kentuckians.
Every time taxes are increased, small businesses and hard working Americans suffer. President Obama has even proposed raising the top income bracket to nearly 40%- the effects on our small businesses would be devastating. These crippling taxes directly impact the ability a small business has to hire more people and create more opportunities. As taxes go up, small businesses are faced with a decision- they can close up shop or cut jobs. In this challenging economy, now is not the time to raise taxes and kill jobs.
We need to stop this madness. The well has dried up and President Obama cannot continue to look to the hard-working taxpayer, who spends over 3 months of each year to pay for his crippling policies. I will stand with my district and work to bring relief to our small businesses and say no to tax increases and programs that will continue to spiral us deeper into debt. We can’t tax and spend our way back