Tax Increases Kill Jobs

Floor Speech

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Mr. WILSON of South Carolina. Mr. Speaker, sadly, unemployment in South Carolina has increased to 11 percent. Citizens rightfully want to know where are the jobs? Republicans have made positive proposals to help small businesses create jobs, but they are falling on deaf ears. Americans across the country are hurting and cannot wait another day, let alone another few months, to know whether or not Congress is going to offer job creation incentives and tax relief.

During these tough economic times, the last thing families need are more tax increases. The Heritage Foundation has some staggering numbers about how the incoming tax increases would kill jobs in South Carolina. The Heritage Foundation has found that the State of South Carolina would lose over 9,000 jobs a year, and South Carolina's families would loss $3,000 each in disposable income.

If these statistics become a reality on our families, the impact would be catastrophic. We need immediate tax relief, not job-killing tax increases.

In conclusion, God bless our troops, and we will never forget September the 11th in the global war on terrorism.

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