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Small Business Owner: “Could Not Be a Worse Time” for Democrats’ Tax Hikes
“This economy is just absolutely teetering,” says Michael Passalacqua, a small business owner in Pennsylvania. “And raising taxes on anybody at this particular time seems to me to be relatively foolish.”
Michael employs about 55 people at Angelo’s Restaurant, which has served the community of Washington, PA for 73 years. In a new video by Majority Whip Kevin McCarthy’s (R-CA) office, he explains how there “could not be a worse time” for President Obama’s small business tax hike.
Speaker John Boehner said last week that President Obama “thinks if you run a small business, ‘you didn’t build’ it, the government did.” And since the president thinks the private sector is “doing fine,” he “believes it won’t hurt to raise their taxes.” Michael’s story is another example of how disconnected President Obama and his administration are from the realities facing private-sector job creators.
The House will vote this week to stop the president’s small business tax hike – which Ernst & Young says will destroy more than 700,000 jobs – and to fix the tax code to help keep jobs here and bring home some of the jobs that have gone overseas.
Click here for a side-by-side look at the Republican and Democratic tax proposals. And visit jobs.GOP.gov for more information on the GOP Plan for America’s Job Creators – a plan focused on removing the government obstacles that hurt small businesses like Angelo’s and helping our economy grow.