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Published on Sep 10, 2010
Due to the one-time, court-ordered special election in Illinois, we have a unique opportunity to seat our next Senator before the "Lame Duck" session. Should I have the honor of serving our state, I will oppose non-essential, non-emergency legislation in that session, including spending with billions in pork, imposing massive tax increases including the value added tax and enacting legislation that would hurt small businesses and kill jobs.
Meanwhile, without action, current tax relief will expire at the end of the year -- a huge shock to the American economy with one of the largest tax increases in history.
In my view, the uncertainty surrounding the health care bill implementation, a potentially massive tax increase and anxiety over other anti-jobs legislation in the Lame Duck are combining to prevent risk and capital from re-entering the market -- thus slowing our economic recovery. A presidential and Congressional leadership pledge to extend current tax relief and withhold any non-essential, non-emergency legislation from the lame duck session will send a positive signal to American employers, innovators and investors.