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Camp Statement on Tax Rates

November 04, 2010

Washington, DC – Today, Rep. Dave Camp (R-MI), the top Republican on the House Ways and Means Committee, issued the following statement with regard to looming tax hikes and the President’s signal that he might be willing to compromise with Republicans on tax policy.

“We simply cannot raise taxes with unemployment stuck at nearly 10 percent.  I take any signal that the President may be backing off his pledge to raise taxes on small businesses as a good sign, but we have to see where this discussion goes.  The uncertainty about how high taxes will go next year is already costing us jobs and it was a mistake for Congress not to have already addressed the 2001 and 2003 rates as well as AMT, the extenders and a host of other tax provisions.  The best thing we could do for families and job creation is to extend the current rates as soon as possible for as long as possible.”