WASHINGTON, D.C. – U.S. Senator Jim Inhofe (R-Okla.) today made the following statement about tax day:
“As Americans are filing their taxes this week, Congressional Democrats are poised to raise taxes rather than extend the President’s tax cuts,” Senator Inhofe said. “In the face of rising gas prices, mortgage costs, health care expenses, and tuition rates, we need to focus on ways to lessen the burden on the American taxpayer. Unfortunately, proposals have emerged in the Senate that would require families to pay a substantially higher percentage of their paycheck to the Federal government. Congressional Democrats remain intent on not acting to make the tax cuts Congress passed in 2001 and 2003 permanent. Such inaction will result in an overwhelming $1.2 trillion tax hike, re-imposing the death tax and marriage penalty, reducing the child tax credit, and raising taxes for millions of Americans.
“As the father of four and grandfather of twelve, I firmly believe that fiscal irresponsibility unfairly penalizes our kids today and grandkids tomorrow. Enacting the largest tax hike in history fails to create an environment in which current and future generations can thrive.”