Camp Statement on Tax Day, Senate Vote on “Buffett Rule”
Washington, DC – On the eve of Tax Day and in anticipation of the Senate’s procedural vote on the so-called “Buffett Rule,” Ways and Means Chairman Dave Camp (R-MI) made the following statement today.
“President John F. Kennedy once said that the soundest way to raise revenues in the long run is to cut the tax rates now. Apparently, modern day Democrats just don’t see it that way. Instead, President Obama and Congressional Democrats have pursued higher taxes at every turn under the pretense that raising taxes is fair. Nothing could be further from the truth, and this latest job-killing tax hike will only provide them with more money to feed even more reckless spending. The real truth is not that families and job creators are taxed too little, it is that Washington is spending too much. There is nothing fair about the federal government taking between 30 and 40 percent of your income, especially on top of all the other taxes you pay – like sales taxes, gas taxes, and state and local taxes. Tax Day is a timely reminder that instead of increasing taxes, we should reform the tax code so that it really is fairer for families and so we can spur greater investment, innovation and job creation here at home.”