Republicans Can’t Take Yes For An Answer

For Immediate Release:

April 13, 2010

Contact:Katie Grant
Stephanie Lundberg
(202) 225 - 3130



“[F]ederal taxes are very considerably lower by every measure since Obama became president…. According to the JCT, last year's $787 billion stimulus bill, enacted with no Republican support, reduced federal taxes by almost $100 billion in 2009 and another $222 billion this year.” – Bruce Bartlett, Domestic Policy Advisor under President Reagan and Treasury Department economist under President George H.W. Bush, 3/19/2010
 
The American Recovery and Reinvestment Act was one of the first pieces of legislation signed into law in the 111th Congress. It included tax cuts for 95% of working Americans and resulted in a 10 percent increase in the average tax refund this year. Republicans voted in opposition against that bill and those tax cuts. And they didn’t stop there. Throughout the 111th Congress, Republicans have stood against numerous tax cuts that will benefit millions of American families and businesses this tax season and beyond. Republicans say we need to cut taxes? Democrats have.  Republicans just can’t take yes for an answer.
 

BILL

TAX CUTS & CREDITS

REPUBLICAN VOTE

American Recovery and Reinvestment Act

(Signed into law)

Tax cuts for families including the Making Work Pay tax credit to 95% of working Americans; expansion of the child tax credit; the first-time homebuyer tax credit; and the college tax credit.

Tax incentives for businesses to create jobs by increasing bonus depreciation; allowing small businesses to immediately write-off new equipment purchases; and providing a 5-year carryback for net operating losses.

NO

Health Reform

(Signed into law)

Tax credits to help families pay for health coverage.

Tax credits for small businesses to help them offer coverage to employees. 

NO

Hiring Incentives To Restore Employment (HIRE) Act

(Signed into law)

Payroll tax holiday for businesses that hire unemployed workers and retain them.

NO

Small Business and Infrastructure Jobs Act

(Passed by the House)

Tax incentives to help spur investments in small businesses. 

NO

Permanent Estate Tax Relief

(Passed by the House)

Ensures that nearly all estates (99.8%) are exempt from taxes.

NO

 

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