On Thursday, U.S. Congressman Mike Pence (R-Indiana) and U.S. Senator Jim DeMint (R-South Carolina) introduced the "Tax Relief Certainty Act", a bill that would permanently extend the current individual tax rates and prevent tax increases on every American.
“Raising taxes during the worst economy in 25 years is simply a bad idea,” Congressman Pence said. “Higher taxes won’t get anyone hired and higher taxes do not create jobs. But if the Democrat-controlled Congress fails to act during this lame duck session, the American people will see the largest tax increase in our nation’s history. In order to keep working families, small businesses and family farms from facing a tax increase, this legislation would make the current tax rates permanent so no American faces a tax increase on January 1. The best way to start to spur job creation and get the economy moving again is to preserve the current tax rates, and when the new Republican majority begins serving in the House of Representatives early next year, I look forward to taking up pro-growth policies that ensure fiscal discipline, regulatory reform and additional tax relief.”