Dems Dig in Further on Job-Destroying Taxes: Where are House Dems?
| FYI, a similar version of this release below went out to the following districts: Jason Altmire (PA-04), John Barrow (GA-12), Sanford Bishop (GA-02), Tim Bishop (NY-01), Leonard Boswell (IA-03), Bruce Braley (IA-01), Lois Capps (CA-23), Dennis Cardoza (CA-18), Russ Carnahan (MO-03), Kathy Castor (FL-11), Ben Chandler (KY-06), David Cicilline (RI-01), Gerry Connolly (VA-11), Jim Cooper (TN-05), Jim Costa (CA-20), Mark Critz (PA-12), Henry Cuellar (TX-28), Peter DeFazio (OR-04), John Garamendi (CA-10), Raul Grijalva (AZ-07), Brian Higgins (NY-27), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Kathy Hochul (NY-26), Tim Holden (PA-17), Rush Holt (NJ-12), Steve Israel (NY-02), Bill Keating (MA-10), Ron Kind (WI-03), Larry Kissell (NC-08), Rick Larsen (WA-02), David Loebsack (IA-02), Jim Matheson (UT-02), Carolyn McCarthy (NY-04), Mike McIntyre (NC-07), Jerry McNerney (CA-11), Michael Michaud (ME-02), Brad Miller (NC-13), Bill Owens (NY-23), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Gary Peters (MI-09), Collin Peterson (MN-07), Chellie Pingree (ME-01), David Price (NC-04), Nick Rahall (WV-03), Loretta Sanchez (CA-47), Kurt Schrader (OR-05), Heath Shuler (NC-11), Adam Smith (WA-09), Betty Sutton (OH-13), John Tierney (MA-06), Paul Tonko (NY-21), Niki Tsongas (MA-05), Pete Visclosky (IN-01), Tim Walz (MN-01), John Yarmuth (KY-03)
Dems Dig in Further on Job-Destroying Taxes: Where’s Kissell?
Democrat Leaders Renew Laser-like Focus on Tax Hikes to Fuel More Failed Stimulus Spending, Ignoring Their Own Advisors’ Warnings About the Job-Killing Consequences Washington — Larry Kissell’s House Democrat leaders recently announced that their main priority moving forward will be finding new ways to raise taxes and fund more stimulus spending, ignoring their own allies’ advice on how to rein in the debt they piled on and bring back the jobs they destroyed. Does this mean Kissell will ignore sound economic advice and push for job destroying policies just to fuel his addiction to government spending? “Larry Kissell’s Democrat leaders continue to demonstrate they are completely unwilling to relent on their same failed policies, focusing on tax hikes despite dire warnings from their own party’s economic advisors,” said NRCC Communications Director. “Since middle-class families and small businesses in North Carolina are demanding action on economic recovery, Kissell should let them know whether he will follow his Democrat leaders down the path of higher taxes and fewer jobs.” House Democrat leaders declared that their priorities lie in job-killing tax hikes to fuel more failed stimulus spending: “Eager to shape the fiscal debate, House Democrats on Thursday offered the deficit-slashing supercommittee their own recommendations — centered largely on increasing taxes and seeking more money for initiatives they say would ultimately spur job growth.” (Seung Min Kim and Matt Dobias, “Supercommittee lobbied by House Democrats,” Politico, 10/13/11)
But even Democrat economists like former White House advisor Christina Romer have explained the large negative impact tax hikes have on growth, which the country cannot afford in this bad economy: “[T]ax increases appear to have a very large, sustained, and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects… Our baseline specification implies that an exogenous tax increase of one percent of GDP lowers real GDP by almost three percent.” (Christina D. Romer and David H. Romer, “The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks,” American Economic Review, June 2010)
And Democrats have ignored or even actively opposed what President Obama’s own Jobs Council has recommended, opting for another stimulus retread instead: “President Obama’s Jobs Council offered the White House a detailed menu of job-creating recommendations, many of which should appeal to congressional Republicans as well as Democrats. The council, led by GE head Jeffrey Immelt, a Republican, released its interim report late Monday focusing on medium-term reforms that could boost employment. Among its recommendations are easing environmental and health regulations and reducing taxes on investors.” (Erik Wasson, “Obama jobs council offers up proposals appealing to GOP,” The Hill‘s On The Money Blog, 10/11/11)
Larry Kissell’s House Democrat leaders are reinvigorated in their calls for higher taxes, despite the warnings that they will only destroy growth and kill jobs. Does that mean Kissell is also going to focus on taxes for failed stimulus spending and ignore the policies that will actually get North Carolina back to work?
###
|