SENATOR COLLINS’ STATEMENT ON PAYROLL TAX EXTENSION VOTE
U.S. Senator Susan Collins released this statement following her votes today in favor of extending the temporary payroll tax cut.
"Congress should not be imposing higher taxes on hard-working families at a time when our nation's economy remains fragile. However, it's equally important that we not impose additional taxes on job creators who are so critical to our economic recovery.
"I have long said that multimillionaires and billionaires who are not running businesses could pay more of their income to help us deal with the deficit. But I feel strongly that we must ensure that small business owners who pay taxes through the individual income tax system are protected. These are our nation's job creators. That is why I have called for a "carve-out" that would shield these important small businesses from tax increases that could make it more difficult for them to grow and add jobs.
"Protecting small businesses from the surtax is essential. Extending the payroll tax to employers will help them preserve and create jobs."
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"Congress should not be imposing higher taxes on hard-working families at a time when our nation's economy remains fragile. However, it's equally important that we not impose additional taxes on job creators who are so critical to our economic recovery.
"I have long said that multimillionaires and billionaires who are not running businesses could pay more of their income to help us deal with the deficit. But I feel strongly that we must ensure that small business owners who pay taxes through the individual income tax system are protected. These are our nation's job creators. That is why I have called for a "carve-out" that would shield these important small businesses from tax increases that could make it more difficult for them to grow and add jobs.
"Protecting small businesses from the surtax is essential. Extending the payroll tax to employers will help them preserve and create jobs."
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