Tax Hikes Won’t Create Jobs, Grow the Economy

‘At a time when economic growth was 3.5 percent, 40 Democrats voted to keep rates where they were on the grounds that it was the best thing for jobs. Yet now, when the growth rate is 2 percent, and 13 million Americans still out of work, they’re voting to slam nearly a million businesses with a tax hike.’

Washington, D.C.– U.S. Senate Republican Leader Mitch McConnell made the following remarks on the Senate floor today regarding Senate Democrats’ unserious tax bill that doesn’t even fund the government for one week:

“Last night Democrats took a vote that says a lot about the way they view the world. After nearly four years of spending and debt, millions of Americans are still struggling amidst the slowest recovery in modern times, and the economy is flat on its  back. And they want to raise taxes.

“Under the guise of pretending to care about the deficit, Democrats are pushing an ideological goal of a symbolic tax increase that won’t even fund the government for a week.

“They’re not even pretending to care about the economy any more.

“I say that because two years ago, Democrats agreed that the higher taxes they’re now fighting for would hurt the economy. At a time when economic growth was 3.5 percent, 40 Democrats voted to keep rates where they were on the grounds that it was the best thing for jobs.

“Yet now, when the growth rate is 2 percent, and 13 million Americans still out of work, they’re voting to slam nearly a million businesses with a tax hike. Maybe they are expecting tomorrow’s GDP numbers to be better than 3.5 percent.

“So it’s one of two things: either Democrats don’t even care about the economy and jobs anymore, either they’re just embracing Thelma and Louise economics and hoping people support them for some other reason—or their economic worldview is so far outside the mainstream of everyone else who has looked at the situation that they think 2 percent growth and 13 million unemployed is good enough.

“That’s where this ideological crusade of theirs is taking them.

“Well, I just hope for the sake of struggling Americans that some of them soon see just how misguided an approach it is.

“We can’t solve these problems on our own.”

Joe Otto

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