Speaker Boehner Releases List of 88 Economists Who Agree Obama Tax Plan Will Hurt Small Business & Further Damage Economy
WASHINGTON, DC – House Speaker John Boehner (R-OH) today released a list of 88 American economists who warn that the looming January 1 tax hike supported by President Obama and congressional Democratic leaders – which independent accounting firm Ernst & Young says will hit thousands of small businesses and cost the U.S. more than 700,000 jobs – will hurt the economy and must be stopped before it goes into effect.
“President Obama was wrong when he told small business owners ‘you didn’t build that’,” said Speaker Boehner. “Entrepreneurs and innovators are responsible for their success, not government, and we need to get Washington out of their way. These economists agree: stopping all of the tax hikes scheduled for January 1 is necessary to prevent further job losses and damage to our nation’s economy.”
Economists say the looming tax hikes threaten private-sector job growth, and are calling them everything from “patently irresponsible” to “misguided in the extreme”: