Sunday, October 23, 2011

Johanns Opposes Tax Increases, State Bailout

WASHINGTON – U.S. Sen. Mike Johanns (R-Neb.)  voted against another bailout for irresponsible state governments. The bill, which failed with bipartisan opposition, was originally part of the President's so-called jobs bill that would have increased taxes to pay for a state government bailout purportedly for teachers and first responders.
"Of course safety, education and jobs are a priority, but there's no evidence the President's new stimulus bill will actually create jobs," said Johanns. "This bill represents a fundamental misunderstanding of how our economy works. What we need to be doing is freeing up job creators' abilities to expand and grow, not weighing them down with more taxes and government spending.
"Treasury department statistics show nearly 80 percent of those who would pay higher taxes under President Obama's new plan are our small businesses – the very folks who create the majority of new jobs in America. Now is not the time to impose permanent tax increases on our job creators to pay for temporary spending programs that failed to work before."

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