WASHINGTON, Oct. 25 /PRNewswire-USNewswire/ -- House Republican Whip Roy Blunt (Mo.) issued the following statement today after House Ways and Means Chairman Charlie Rangel (D-N.Y.) released details of a plan to impose the "Mother of All Tax Hikes" on American families, including a direct tax increase of $1.3 trillion. "Having raised taxes by more than $100 billion already this Congress, and passed a budget plan that will raise them by at least $300 billion more, the majority has set a pretty high bar for surprising the American people with news of another attempt to raise their taxes. "But in announcing a plan today to increase taxes on working families by a staggering $1.3 trillion - the largest income tax hike in American history - Democrats have found a way to outdo even their most historic tax-raising schemes of the past. Indeed, as the chairman suggested, this is the 'mother' of all tax bills. And given its scale, it might be the father, grandfather, nephew and second-cousin of them as well. "If this plan were to become law, the effective top marginal tax rate in this country would be the same as it is in Germany. But what Democrats fail to understand is that, when you adopt European-style tax rates, European-style growth rates can't be far behind. And the slower we're able grow our economy, the fewer jobs will be available for American workers and the less we'll be able to compete in a 21st century, global economy. "Though the majority will likely suggest this bill is aimed only at the rich and famous, our nation's small business owners by now know far better than that. This is a bill that casts an egregiously wide net to pay for egregiously reckless spending agenda. And if I were them, I wouldn't make its contents known beyond this building."
SOURCE House Republican Whip Roy Blunt