The Tax Cut Illusion

The Tax Cut Illusion
House Chamber, Washington, D.C.
April 19, 2012

Mr. Speaker:

    The House just passed HR 9 that purports to give a temporary tax cut to small businesses.

    I say “purports” because it doesn’t cut spending at the same time and thus it merely shifts current taxes into the future.  Once a dollar has been spent, it’s already become a tax, taken either from today -- or from tomorrow to pay for today’s deficits.

    Nor does HR 9 do much to promote economic growth because it does little to reward new productivity at the margin.  At best it produces a one-year sugar high until the bills come due.

    Tax cuts without spending reductions or real economic growth are an illusion. 

    Real tax reform would permanently reduce the marginal tax rate for all businesses and cut government spending concurrently.  This would encourage and reward economic growth, shift investment decisions from politicians to entrepreneurs and not rob our economy of its future.

    I hope, before the end of this session, that we will do so.

 

# # #
   

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Staff Satellite Office Hours

Office staff members are available to assist constituents with problems or concerns at satellite office locations held throughout the district.  Anyone wishing to discuss an issue of federal concern is invited to attend one of these satellite office sessions and speak with a member of staff.  For more information, or to reach staff, please call the district office at 916-786-5560.
  
Upcoming Staff Satellite Office Hours for November:
 
Amador County
 
Jackson 
Tuesday, November 25th
9:30 am - 11:30 am
Conference Room D
County Administration Center
810 Court Street
 
Calaveras County
 
San Andreas 
Tuesday, November 25th
9:30 am - 11:30 am
Calaveras County Water Agency Conference Room
120 Toma Court
 
El Dorado County
 
Camino 
Thursday, November 13th
9:00 am - 11:00am
Camino Pollock Pines Chamber of Commerce
4123 Carson Road
 
El Dorado Hills 
Thursday, November 13th
12:00 pm - 2:00 pm
El Dorado Hills Chamber of Commerce
2085 Vine Street, #105
 
Fresno County
 
Auberry 
Thursday, November 13th
11:00am - 1:00pm
The Auberry Library
33049 Auberry Rd
 
Madera County

Oakhurst 
Wednesday, November 5th
10:00am - 12:00pm
Yosemite Visitor Bureau Conference Room
40637 Highway 41
 
Coarsegold 
Wednesday, November 5th
3:00pm - 5: 00pm
Yosemite Lakes Park Clubhouse
30250 Yosemite Springs Parkway
 
Mariposa County
 
Mariposa 
Wednesday, November 
19th
4:00pm - 6:00pm
Library Conference Room
4978 10th Street
 
Placer County
 
Auburn 
Wednesday, November 12th
9:00am - 11:00am
Auburn City Hall
Room #10
1225 Lincoln Way
 
Lincoln 
Wednesday, November 12th
3:00 pm - 5:00 pm
Lincoln City Hall
600 6th Street
 
Rocklin 
Tuesday, November 25th
3:00 pm - 5:00 pm
Rocklin City Hall
3970 Rocklin Rd
 
Tuolumne County
 
Sonora 
Tuesday, November 25th
1:00 pm - 3:00 pm
Small Business Center Conference Room
99 North Washington St
 
For further information on staff satellite office hours, please call 916-786-5560.