Boehner: President Obama's Plan to Raise Taxes is Bad News for Private Sector Job Creation

Yesterday evening, Congressman John Boehner appeared on Fox Business from a manufacturing plant in West Chester, where he discussed the President's proposal to hike taxes on small businesses and private capital. Boehner also discussed Republican efforts to get our economy moving again and areas of common ground between the GOP and the Democrats who run Washington. Congressman Boehner said that "America has a spending problem. The government continues to spend more money than what we have and I don't believe it makes any sense to tax the very people that we expect to invest in our economy, help grow our economy, and to create jobs in America."

Following are excerpts of Boehner's interview:

BOEHNER ON PRESIDENT OBAMA'S TAX HIKE PLAN:

"The government has a spending problem and I don't believe it makes any sense to tax the people we expect to invest in our economy. If I were giving the president advice, my advice would be let's tackle the spending problem, and then if we need more revenue we will take a look at where we can get it then. I think there are elements of the president's plan where we can find some common ground. You will see us move the free trade agreements, if the White House will send them to the hill, Congress will be ready to pass them. When it comes to infrastructure there may be some common ground in helping to rebuild America's infrastructure."

ON REFORMING THE TAX CODE TO HELP GROW OUR ECONOMY & CREATE JOBS:

"We don't want to pick winners and losers, except that we do believe that the target for a flatter, fairer tax ought to be about 25 percent on the corporate side and the top rate on the personal side to 25 percent as well. Regardless of what kind of business entity you're running, all business income taxes ought to be the same, regardless if you're a C corporation, S corporation or a partnership. Bringing those rates down, the only way you're going to do that is to eliminate a lot of the special provisions in the tax code, some of the deductions in order to bring the rate down so that it's fair for all companies in America."

ON HOW TO CREATE A BETTER ENVIRONMENT FOR JOB CREATION RIGHT HERE IN AMERICA:

"If we're going to create more jobs in America, we've got to let American companies be more competitive. They're not going to be more competitive when we keep putting more rules, more regulations and more taxes upon them. And I believe that besides getting rid of a lot of these regulations and having a moratorium on new regulations, we ought to look at overhauling our tax code. We have the highest corporate tax rate in the world, therefore causing a lot of companies to locate plants overseas instead of locating them here. American entrepreneurs will innovate; they'll create jobs, they'll come up with new ideas. The problem is that the government tends to stifle this type of innovation in the United States. And it's pretty clear what needs to happen. We need to get the government out of the way."

ON WHETHER HIGH UNEMPLOYMENT RATE IS "THE NEW NORMAL":

"I don't know what the new normal is, but America's job creators are essentially on strike. They look at all of these regulations coming out of Washington to job creators, causing them to be scared to death. Secondly, they have no idea what the tax code's going to be a year from now, because we've only extended the current tax rates through the end of next year. We need to get government out of the way because today government is the biggest problem they're facing."

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News & Politics

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• Boehner
• Obama
• Tax