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State Legislators to Congress: Make Tax Cuts Permanent
WASHINGTON, Jan. 30 /PRNewswire-USNewswire/ -- More than 2,400 state legislators have called on Congress to permanently extend the Bush tax cuts to promote economic growth and wane fears of a possible recession in a resolution recently passed by the American Legislative Exchange Council (ALEC).
"Some of the angst we are currently seeing among investors is in regard to the looming expiration of the Bush tax cuts," said Iowa State Representative Jamie Van Fossen, who chairs ALEC's Tax and Fiscal Policy Task Force. "If no Congressional action is taken, taxpayers will witness the revival of the notorious federal death tax and marriage penalty, lose essential capital gains and dividend tax relief, see the expiration of the child tax credits, and experience increases in personal income tax rates."
All said, more than 115 million families would see an average tax increase of $1,800 if the tax relief is not made permanent.
"Allowing the tax cuts to expire will result in the largest tax increase in our nation's history, which will undoubtedly slow the growth of our economy, hurting millions of Americans," said Jonathan Williams, ALEC's Tax and Fiscal Policy Task Force Director. "If Congress fails to take action, our nation's record economic growth will be put at serious risk."
As the nation's largest membership organization of conservative state legislators, ALEC members and their constituents are greatly affected by the actions, or inactions, of Congress. With 85 former members currently serving in Congress, the ALEC resolution could very well prove influential in the current tax debate.
The American Legislative Exchange Council (ALEC) is the nation's largest nonpartisan, individual membership organization of conservative state legislators, with more than 2,400 legislative members from all 50 states, and 85 former members serving in the U.S. Congress.
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