Congressman Ted Poe (TX-02) joined other members of Congress calling on Speaker Nancy Pelosi to allow the House to consider legislation providing an up-or-down vote to extend the expiring tax cuts before Congress recesses for the October district work period.
The American people deserve to have their voices heard, said Poe. I encourage Speaker Pelosi to bring this legislation to the House floor for an immediate up-or-down vote. This is a decision that needs to be made by the representatives of the people, not by the political power play of a few. The only proven method of giving the economy the shot in the arm it needs to recovery is to allow individuals, families and small businesses to keep more of their own money. History has proven time and time again, that tax cuts are the way to prosperity not more spending and more government interference.
The letter also states, If Congress fails to act before the end of the year, American families and small business will incur a $3.8 trillion tax increase over $200 billion of which comes next year. This increase will hit millions of small businesses and threatens to take more money out of the private sector. The pending tax increase will impact every American who pays taxes. In addition to eliminating the lowest tax bracket, the tax increases include reinstating the marriage penalty, cutting the child tax credit and resurrecting the Estate Tax.
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