Tax Increases will Hurt Job Growth

By July 7, 2011Taxation

Yesterday Senators Rubio (R-FL) and Ayotte (R-NH) had a colloquy on the Senate floor where Senator Rubio made a very strong point about now not being the time to increase taxes business owners.

Here is the excerpt from Senator Rubio’s remarks:

“We don’t need new taxes. We need new taxpayers, people that are gainfully employed, making money and paying into the tax system.”

As we have said before, tax increases on manufacturers will only dampen economic growth and hurt job creation. Manufacturers are faced with countless regulations and tax burdens that harm their ability to grow. If manufacturers are able to create jobs then there will be additional taxpayers paying into the system. Piling on with additional tax increases will only harm our recovery.

Dorothy Coleman is vice president for tax and domestic economic policy, National Association of Manufacturers.

Dorothy Coleman

Dorothy Coleman

Dorothy Coleman is vice president of tax and domestic economic policy at the National Association of Manufacturers (NAM). Ms. Coleman is responsible for providing NAM members with important information related to tax issues and representing the NAM’s position to Congress, the Administration and the media. An NAM spokesperson for tax policy issues, she coordinates membership coalitions; prepares testimony, reports and analyses; and responds to media inquiries. Before taking over as vice president of the tax policy department, she served as director of tax policy from April 1998 to April 2000.
Dorothy Coleman

Join the discussion One Comment

  • Vincent L. Diaz says:

    Again I heard on MSNBC that tax increases will not hurt job growth. This time from their paid spokesman, Edward Gene “Ed” Rendell, former Governor of Pennsylvania.

    I hope some effort will be made by the National Association of Manufacturers to contact him and MSNBC to vigorously refute his comments.

    Vincent L. Diaz

Leave a Reply