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.