From the Conference
WASHINGTON, D.C.—U.S. Senator John Thune (R-S.D.), Chairman of the Senate Republican Conference, today issued the following statement regarding President Barack Obama's call for increased taxes on America's small businesses at a time when 23 million Americans are either unemployed or underemployed:
"The president's call for a massive tax hike on our job creators as 23 million Americans are either unemployed or underemployed is reckless and will further damage economic recovery and job creation. With a record 41 straight months of unemployment at or above 8 percent, the government shouldn't be raising taxes on anyone, let alone small businesses, which serve as the engine of job creation and economic growth. Instead of temporarily delaying a massive tax hike for middle-class America while ensuring a massive tax hike on small businesses, we have a responsibility to prevent the largest tax hike in our nation's history from hitting anyone in this country. Members of the president's own party agree with Congressional Republicans about not increasing taxes during a weak economy, and the president should work with Congress to prevent the largest tax hike in history from hitting Americans."