“House Republicans, joined by 19 Democrats, passed a bill to stop the looming tax hike that will hit all Americans next year,” says Majority Leader Eric Cantor (R-VA) in the Weekly GOP Address. After 42 months with unemployment above eight percent, this bipartisan bill protects more than 700,000 jobs and ensures middle class families won’t see their taxes rise. Posted by Speaker Boehner's Press Office | August 5, 2012Watch Leader Cantor here:
MORE FROM THE SPEAKER’S BLOG:
- STOPPING THE TAX HIKE: Ernst & Young says the small business tax hike backed by President Obama and many Democrats threatens more than 700,000 jobs. No wonder there’s bipartisan support for stopping it now.
- REPLACING THE ‘SEQUESTER’: The House also voted to replace the ‘sequester’ defense cuts demanded by President Obama that threaten our national security. Here’s a look at the plan passed by the House in May.
- 88 ECONOMISTS: A group of 88 economists warn that the president’s looming tax hikes will hurt the economy and must be stopped.
- SIDE-BY-SIDE: Between the president’s tax plan and the one passed by the House, only the GOP plan protects jobs and middle class families.
- “YOU DIDN’T BUILD THAT”: Speaker Boehner said the president “thinks if you run a small business, ‘you didn’t build’ it, the government did.” And since the president thinks the private sector is “doing fine,” he “believes it won’t hurt to raise their taxes.” But a small business owner says there “could not be a worse time” for President Obama’s small business tax hike.
- POTUS FAILING TO LEAD: Governors Bob McDonnell (VA) and Chris Christie (NJ) are urging President Obama to “directly engage with Congress immediately” to replace the defense cuts his administration admits would “hollow out” our armed forces.
- TIME FOR SENATE DEMOCRATS TO ACT: The House is ready to ready to act at a moment’s notice if Senate Democrats vote to stop all of the tax hikes, replace the defense cuts, or act on the more than 30 House-passed jobs bills.
- FIXING THE TAX CODE: The House also voted to begin fixing the tax code to help keep jobs here and bring home jobs that have gone overseas. Speaker Boehner said “we’re serious about reforming our tax code, bringing the rates down” and making “a flatter, fairer system for all Americans.”
- SOLYNDRA: Speaker Boehner says the White House owes “an explanation about why they squandered hundreds of millions in taxpayer dollars” on Solyndra – even though alarm bells were ringing from day one.
- FAST & FURIOUS: Read the first of three detailed reports on the Obama administration’s ‘Fast & Furious’ gun-smuggling operation here.
