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WASHINGTON – U.S. Senator Orrin Hatch (R-Utah) said today that if the President is serious about helping small business then he should stop job-killing tax hikes on small businesses that are set to take effect on January 1, 2011. Hatch issued the following statement:
“On the one hand, the President says the Senate should pass legislation for small business, but on the other hand he’s calling for massive, job-killing, small-business tax hikes. If the President has his way, small businesses employing up to 20 million Americans and half of all small business income will be hit with more crushing taxes.
When our economy is as weak as it is and with unemployment hovering near ten percent, this makes as much sense as throwing an anvil to a drowning man. The President can demonstrate his commitment to job creation by putting a stop to more and more taxes that are crippling small businesses, our nation’s engine of economic growth.”
According to the Joint Committee on Taxation, almost half of all...
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