RSC Update

From the Chairman

18 of the 31 leading economists recently surveyed by CNN say the best thing Congress can do to help the economy is to save taxpayers at every income level from the impending 2011 tax hike. Only 3 support the Obama-Pelosi plan for a $700 billion tax increase on our most successful small businesses. And no wonder.

The Obama-Pelosi tax hike is a job-killer according to The Heritage Foundation, which ran the numbers through an economic model used by government agencies and Fortune 500 companies. Over the next decade, this tax increase would reduce employment by an average of 693,000 jobs per year. It would reduce U.S. GDP by $1.1 trillion during the same period.

Rank-and-file Democrats are starting to run away from this tax hike plan in droves. If Speaker Pelosi allows the House to take an up-or-down vote, a bipartisan majority will vote to prevent this job-killing tax increase from occurring. Of course, that is only if the vote takes place before Election Day.

There is no telling what retiring or defeated Members might do after November 2, and far too many Democrats have voiced plans to pass things like tax hikes, card check, and bloated spending packages in a Lame Duck session. That is why last week I once again offered legislation pledging that the House not meet for a Lame Duck session except in the case of an unforeseen, sudden emergency. A vote on this resolution will likely occur this week.

Thanks so much for your support!

Congressman Tom Price, M.D.
Chairman, Republican Study Committee