Rep. Young statement on President Obama's income tax hike proposal07/09/12
Rep. Todd Young (R-IN9) released the following statement after President Obama proposed raising taxes on individuals and small businesses with more than $250,000 in annual income:
“In 2010, President Obama worked with Congressional Republicans to extend tax cuts for all income brackets because he said it was ‘the right thing to do’ for jobs in the midst of a lagging economy.
“In 2011, he wanted to reform our tax code to eliminate loopholes, deductions and credits—an idea Congressional Republicans have embraced to truly make the tax code simpler and fairer. I remain committed to working with the President on this sort of comprehensive reform that would allow us to keep rates low in a stagnant economy.
“The economic picture has not changed much in two years. Perhaps that’s why the president has dropped the bipartisanship and changed his argument just a few months before election day: By changing the topic he is hoping to avoid talking about jobs and the economy.”—Rep. Todd Young