(WASHINGTON) — Congressman Allen West (R-FL) is joining House Republicans today by hosting two town hall meetings on “Stop the Tax Hike Day” to emphasize the need for the United States Congress to block the largest tax increase in our nation’s history scheduled to go into effect January 1, 2013.
West released this statement today:
“President Barack Obama’s plan for tax hikes will devastate our already fragile economy. The United States Congress must act now to Stop the Tax Hike on all Americans and pass the Job Protection and Recession Prevention Act, extending current income tax rates for one year.
The United States unemployment rate has remained at or above eight percent for 41 months and nearly 13 million Americans are currently looking for work. Failure to extend the tax cuts will raise taxes on small businesses and Americans by $232 billion in 2013 and by $4.6 trillion over 10 years.
The Democrats want to use class warfare to divide our nation by calling this a tax break for millionaires and billionaires. The facts are that 75 percent of small businesses with a net revenue of $250,000 or more pay their taxes as individuals and will therefore be subject to this tax hike.
Over and over, small businesses say taxes are the most important problem they face today. These scheduled tax increases on small businesses will destroy job creation during the worst employment crisis since the Great Depression.”
Rep. West has scheduled two town hall events today to focus on the effects President Obama’s tax hike could have on ordinary Americans:
“Stop the Tax Hike” Town Halls
*1:00 pm to 2:30 pm
St. Nicholas Episcopal Church
1111 E. Sample Road
Pompano Beach, FL
*4:30 pm to 6:00 pm
FAU Jupiter Campus
Lifelong Learning Society Auditorium
5353 Parkside Drive
*Please click here for a line by line review of what specific taxes are expiring and how they will affect American families.