Last week, U.S. Congressman Hal Rogers (KY-05) and 143 of his colleagues called on Speaker Nancy Pelosi to schedule a straight up or down vote on extending the 2001 and 2003 tax relief bills. If Congress fails to act, individuals, families and small businesses will be faced with a $3.8 trillion tax increase. Currently, no vote is scheduled on this important legislation and Congress is set to adjourn this week for the October District Work Period.
“The last thing Congress should do in these tough economic times is raise taxes on our hardworking families and small businesses,” said Rogers. “If the Majority in Congress can go on trillion dollar spending sprees to fund government programs, Wall Street and big business, then the least they could do is provide tax relief for the people who need it most. The American people deserve better. Congress must end these political games today and pass tax relief now so that small businesses can start hiring again and families don’t have to worry about their taxes increasing at the end of the year.”
Currently, The Economic Growth and Tax Relief Reconciliation Act of 2001 and The Jobs and Growth Tax Relief Reconciliation Act of 2003 are set to expire on December 31, 2010. At this time, income taxes will increase for every American who pays taxes. Furthermore, the marriage penalty tax will be reinstated, the child tax credit will be reduced, and the estate tax will return if no action is taken. On September 22, 2010, 144 Members of Congress sent a letter to Speaker Pelosi urging her to hold an up or down vote on extending tax relief for all Americans before Congress leaves Washington at the end of the month.
CLICK HERE for PDF copy of the signed letter to Speaker Pelosi
Rogers has served Kentucky’s 5th Congressional District since 1981. With a focus on economic development, job creation, fighting illegal drugs and preserving Appalachia’s natural treasures, he has a reputation for listening to his constituents and fighting for the region he represents. For more information visit www.halrogers.house.gov.