August 2, 2012

Congressman Charles W. Boustany, Jr., M.D. (R-South Louisiana) spoke on the House floor in support of H.R.8, the Job Protection and Recession Prevention Act of 2012, to extend the current income tax rates for all Americans for one year. "This Administration and Congressional Democrats seek to raise taxes on America's families, small businesses, and job creators. The choice is clear: we either create jobs for American families or we tax small businesses. "I stand in strong support of creating American jobs. Over 940,000 business owners will see higher taxes if the President and Washington Democrats are allowed to raise the top two tax rates. This means over half of our nation's small businesses will see higher taxes at the cost of 710,000 fewer Americans being hired. "Allowing for the tax cuts to expire will hurt middle class families. The average tax payer in my home state of Louisiana will see relief of almost $1800. The average family of four earning $50,000 per year could face tax increases of $2200 per family if these cuts expire. A single parent earning $36,000 per year could see a tax increase of $1100 if these cuts expire. "Mister Speaker, this Administration continues its assault of tax-and-spend policies. Our country cannot afford it. I urge my colleagues to support extension of the tax relief policy and vote in favor of H.R. 8."