Sunday, October 17, 2010

Pat Toomey on Economy



Instead of encouraging businesses to hire new employees, Washington is threatening new and heavy costs and burdens on businesses. If these policies are enacted, Pennsylvania businesses won’t be able to hire new employees and may even be forced to lay off workers to survive. Instead, the government should be making it less expensive and easier for businesses to hire people. It can do this by cutting taxes and decreasing regulation. For example, if we rescind the stimulus and cut both employees’ and employers’ payroll taxes instead, every worker would see an immediate increase in their take home pay and it would be less expensive for businesses to hire new workers. If we eliminated the tax on capital gains and lowered the tax on businesses, it would make U.S. companies more competitive, and lead to major job growth.

Pat supports lower marginal income tax rates for all Americans, cutting the tax on capital gains investment, and cutting income taxes on American businesses - which suffer from the second highest corporate tax rate in the world. As a congressman, Pat never voted for a tax increase and fought for lower taxes for all Americans. In the Senate, he will fight for the lower taxes that are integral to our economic freedom and the economic prosperity this country deserves.

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