Mr. YODER. Mr. Speaker, I rise today again in support of small business owners and builders all across the United States who will be harmed by a new tax withholding requirement by the Federal Government.
With unemployment at 9.1 percent and holding, we desperately need to come together to do all that we can to get our economy growing. But our economic recovery will not come from government growth. It will come from entrepreneurs, innovators, and small business owners who take risk, expand, hire new workers and create economic growth the old-fashioned way--in the private sector through hard work and free enterprise.
The imposition of a 3 percent withholding tax increase is the cost of doing business for our small business owners and therefore hurts job growth and the economic recovery. We cannot create jobs while punishing job creators. I urge my colleagues to support H.R. 674, legislation that will remove this burdensome new tax requirement on our small businesses.
Mr. Speaker, we must come together as a Congress and do all that we can to promote legislation like this that will remove barriers to economic growth and get America back to work again.
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