#STOPTHETAXHIKE: New Report: Job Creators Brace for Economic Disaster Thanks to Dems’ Tax-Hiking Agenda
FYI, a similar version of this release below went out to the following districts: Shelley Adler (NJ-03), Ron Barber (AZ-08), Tim Bishop (NY-01), Bruce Braley (IA-01), Cheri Bustos (IL-17), Lois Capps (CA-24), David Cicilline (RI-01), John Delaney (MD-06), Val Demings (FL-10), Tammy Duckworth (IL-08), Bill Foster (IL-11), Lois Frankel (FL-22), John Garamendi (CA-03), David Gill (IL-13), Alan Grayson (FL-09), Pam Gulleson (ND-AL), Brian Higgins (NY-26), Jim Himes (CT-04), Kathy Hochul (NY-27), Steven Horsford (NV-04), Steve Israel (NY-03), Ann Kirkpatrick (AZ-01), Pat Kreitlow (WI-07), Ann McLane Kuster (NH-02), Rick Larsen (WA-02), Nita Lowey (NY-17), Carolyn McCarthy (NY-04), Gary McDowell (MI-01), Mike Michaud (ME-02), Joe Miklosi (CO-06), Mark Murphy (NY-11), Patrick Murphy (FL-18), John Oceguera (NV-03), Sal Pace (CO-03), Bill Pascrell (NJ-09), Ed Perlmutter (CO-07), Nick Rahall (WV-03), Brad Schneider (IL-10), Brandon Shaffer (CO-04), Carol Shea-Porter (NH-01), Kyrsten Sinema (AZ-09), Louise Slaughter (NY-25), Betty Sutton (OH-16), Syed Taj (MI-11), John Tierney (MA-06), Niki Tsongas (MA-03), Christie Vilsack (IA-04), Jamie Wall (WI-08), Charlie Wilson (OH-06)
New Report: Job Creators Brace for Economic Disaster Thanks to Capps’ Tax-Hiking Agenda
California Democrat Pushes Economy Closer to Cliff’s Edge
WASHINGTON — According to a new study, the economy will suffer a loss in growth by the end of this year due to Capps’ failure to sacrifice her failed political priorities. However, Lois Capps still refuses to give up her spending addiction and job creators are preparing for devastating tax hikes that will force the economy to dip and the unemployment rate to spike above 12 percent (Roll Call #545, 8/1/2012).
“Riding on the fringe of debilitating job loss and economic instability, Lois Capps is going to great lengths to save her wasteful spending sprees,” said NRCC Communications Director Paul Lindsay. “Small businesses are bracing for significant job loses, forcing them to cut back on hiring and investing to lessen the blow. When will enough be enough for Capps?”
A new report by the National Association of Manufacturers highlights the crushing effects Washington Democrats’ job-killing policies will have on the economy:
“The report indicates that there will be a 0.6 percent loss in GDP growth by the end of 2012. It is unsurprising that, according to recent surveys, 55 percent of manufacturers and other small business owners wouldn’t start their business in today’s climate.”
“The results include the following:
• More than 6 million jobs lost
• Unemployment rate of more than 11 percent
• A cumulative 12.8 percent drop in GDP
• 10 percent loss in household income
• A recession in 2013 and dramatically slowed growth in 2014” (Matthew Lavoie, “Manufacturers: Fiscal Shock Already a Drag on Economic Growth,” National Association of Manufacturers, 10/26/2012)
CBO said that Washington Democrats’ tax-hiking plan on job creators will force the economy to tank and the unemployment rate to spike:
“Tax increases and spending cuts from the ‘fiscal cliff’ would send the U.S. economy into a recession and drive the unemployment rate up to 9 percent by the end of 2013, according to fresh forecasts from the Congressional Budget Office.” (“CBO: Cliff Would Cause Recession, National Journal, 8/22/2012)
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