On Tax Day Enzi seeks to get America back on right fiscal track
April 15, 2009
Washington, D.C. – Many Americans spent the past weekend buried in forms, receipts and pencil dust as they prepared their taxes. U.S. Senator Mike Enzi, R-Wyo., was no exception as he too worked to meet the April 15 deadline. As the only accountant in the Senate, he uses his experience to inform his colleagues of the hardships that Washington tax-and-spend policies create for American families and what the government needs to do to get America back on the right fiscal track.
“On April 15, Americans can tangibly see the chunk of their income that goes to support the government,” Enzi said. “Individuals are already working hard enough to meet basic needs for themselves and their families, and the 2001 and 2003 tax cuts are on the brink to expire next year which is setting up most Americans for a bigger tax bill unless Congress acts.”
Tax Freedom Day
This year “Tax Freedom Day,” the day that Americans have finally earned enough money in 2009 to pay their taxes, fell on April 13.
“It takes three and a half months of work to barely cover Americans’ tax bills and that is simply unacceptable,” Enzi said. “Congress needs to work hard to keep more of people’s paychecks in their pockets.”
The Senate recently passed the President’s Fiscal Year 2010 budget resolution which Enzi voted against. The resolution is the largest tax and spend budget in history and will affect every American with some form of a tax increase.
In the past, Enzi has sponsored bills to permanently repeal the death tax and make the increased child tax credit, the marriage penalty relief, the adoption tax credit, the tuition deduction and the teacher deduction permanent. Additionally, he supports making increased expensing limits for small business permanent as well as the new income tax rates and capital gains and dividends rates permanent.
“Small business is the incubator for entrepreneurship and we should protect it and nurture it, not tax it,” Enzi said. “In this economic downturn, the only way to truly stimulate the economy is to do it from the bottom up, starting with small business.”
Enzi was recently awarded the 2008 Taxpayers’ Friend Award and received an “A” grade for his commitment to reduce spending, taxes, debt and regulation by the National Taxpayers Union.