Texas Insider Report: Washington D.C. Later today the US House is expected to vote on HR 4853 the Tax-Cut-and-Stimulus" package that President Obama recently negotiated with the Senate. U.S. Representative Louie Gohmert had this to say today regarding the proposed legislation:
The compromise tax bill that would extend the current tax rates for two years may help avoid a potentially disastrous downturn in the struggling economy. On the other hand the tax rate extensions have been combined with an additional 13 months of unemployment benefits on top of the two years of benefits already pushed into law. The Obama bill does not have any offsets to pay for this deficit-growing portion. The death tax is also addressed in the bill by substituting a 35 tax.
Since the proposed bill is not a tax cut it is not going to stimulate the economy but rather temporarily avoid more harm. If we stand firm that businesses need more than a two-year assurance of tax stability and have a bill ready to pass on January 5th we should get a far better deal for the economy our future and our nations future. We can do better."
Considering all the aspects of the Obama Tax Deal it does sound like a couple of weeks of patience and standing on the principles we believe in should yield a far better deal for the actual taxpayers and America. We can pass a bill early next year and make it retroactive so people arent hurt by tax hikes. Lets do what is truly right for America and not grab the first worst offer made."
Texas Insider Report: Washington D.C. Later today the US House is expected to vote on HR 4853 the Tax-Cut-and-Stimulus" package that President Obama recently negotiated with the Senate. U.S. Representative Louie Gohmert had this to say today regarding the proposed legislation:
The compromise tax bill that would extend the current tax rates for two years may help avoid a potentially disastrous downturn in the struggling economy. On the other hand the tax rate extensions have been combined with an additional 13 months of unemployment benefits on top of the two years of benefits already pushed into law. The Obama bill does not have any offsets to pay for this deficit-growing portion. The death tax is also addressed in the bill by substituting a 35 tax.
Since the proposed bill is not a tax cut it is not going to stimulate the economy but rather temporarily avoid more harm. If we stand firm that businesses need more than a two-year assurance of tax stability and have a bill ready to pass on January 5th we should get a far better deal for the economy our future and our nations future. We can do better."
Considering all the aspects of the Obama Tax Deal it does sound like a couple of weeks of patience and standing on the principles we believe in should yield a far better deal for the actual taxpayers and America. We can pass a bill early next year and make it retroactive so people arent hurt by tax hikes. Lets do what is truly right for America and not grab the first worst offer made."
