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Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
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"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
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Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
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Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
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Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
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9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
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.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
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"When architects of #Obamacare are worried about it creating a trainwreck, you know something's gone terribly wrong": http://t.co/J6dfnKqFYZ
May 13, 2013 12:30 PM
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Conservative and Free Market Groups Applaud Move to Delay a Vote on Gina McCarthy: http://t.co/lNQYmJAB12 #EPA
May 13, 2013 12:02 PM
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The #Obamacare train wreck will derail the American economy: http://t.co/opFkyf1guJ
May 13, 2013 11:30 AM
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ATR Support S.1738, The Economic Growth and Jobs Protection Act
ATR is supportive of S.1738, the Economic Growth and Jobs Protection Act. This bill would end the 3.8% surtax on investments created by ObamaCare.
Americans for Tax Reform sent today the following letter to Senator John Cornyn (R-Texas):
On behalf of Americans for Tax Reform, I am pleased to support S. 1738, a bill that would lower taxes, creating economic growth and higher employment.
With the recent failing of the CLASS Act, it has become even clearer that ObamaCare is poorly conceived and hurting the economy. Among the many reasons for the Affordable Care Act’s job-killing effect is the 3.8% surtax on ‘investment income’.
By eliminating this surtax, S.1738 will encourage investors to use their savings to grow the U.S. economy by investing in businesses. During this downturn, it is especially important that the U.S. economy attract new investments to create new businesses and to sustain competitive ones. This is the only way to get our economy growing once again, and to create jobs for the millions who are unemployed. We cannot do this with the high rates of taxation ObamaCare creates.
The independent Institute for Research on the Economics of Taxation has shown that the 3.8% surtax would lower economic growth by over 1.3%, and decrease investments by over 3.4%. With high unemployment and unstable financial markets, we cannot afford these losses. For this reason, we need to lower, not raise, taxes on investments.
I urge all senators to co-sponsor S. 1738.
