January 18, 2008

Chris Hackett: Permanent Tax Cuts and Spending Restraint Better Than Quick Fixes To Spur Economy

Reducing corporate and individual tax rates will spur economic growth

DALLAS, PA – Republican Congressional candidate Chris Hackett today urged President Bush and Congress to offer a long-term solution for economic growth in addition to the temporary tax-rebate approach the President suggested earlier today.

"I would support almost any proposal that takes tax dollars out of the hands Washington special-interests and puts it back into the pockets of taxpayers. But we should recognize that no quick fix from Washington is going to solve the problems in our economy. What's really needed is a comprehensive approach that lowers tax rates and curtails Washington spending. Long-term economic growth is not created by quick fixes, it's created by limiting the reach of government into productive economic activity," said Chris Hackett. "I urge President Bush to consider not just a rebate, but also permanent tax-rate reductions and spending restraint."

While Rep. Chris Carney is talking about giving a small rebate to the taxpayers, he supports a tremendous tax hike by opposing renewal of the 2001 and 2003 tax cuts," stated Hackett, "This is the type of Washington-insider maneuvering that is focused on getting politicians re-elected instead of solving the problems our families and local small-business owners face."

"As a small-business owner, I see every day how taxes and regulations drive up the cost of job creation and keep American businesses from being competitive in the global environment. If Congress is serious about stimulating the economy, they'll start by freeing Americans from this tremendous tax burden through permanent cuts."