HOUSE Key Vote Alert - Tax Extenders
KEY VOTE ALERT
"NO" on Tax Extenders/Tax Hike Bill (H.R. 6049)
The Club for Growth urges all House members to vote "NO" on the Tax Extenders/Tax Hike proposal (H.R. 6049). This bill is being considered today with a vote expected later this afternoon. This key vote will be part of our 2008 Congressional Scorecard.
This bill extends various tax cuts, but is financed with approximately $55.5 billion worth of tax hikes.
The tax hikes included in this bill do nothing but harm the economy and stifle growth. It specifically hurts multinational corporations based in the U.S., which would be double taxed under this proposal. That will lead to higher costs, fewer jobs, less innovation, and more companies moving their headquarters overseas. The bill also does not do anything to simplify the tax code. Instead, it creates more confusion and more tax provisions (including one tax cut designed specifically for trial lawyers). The House should scrap this bill, and instead focus on reducing broad-based taxes and simplifying the tax code.
Our Congressional Scorecard for the 110th Congress provides a comprehensive rating of how well or how poorly each member of Congress supports pro-growth, free-market policies and will be distributed to our members and to the public.
Update:
House Vote 344 on passage of the bill.
