Washington, DC – Ways and Means Committee Chairman Dave Camp (R-MI) issued the following statement today in response to a letter to Congress from the Business Roundtable (BRT), an association of some of America’s largest multinational corporations, stating that higher tax rates on individual taxpayers should be considered to avert the fiscal cliff.
“Big business may support raising tax rates on small businesses, but I do not. The solution to the fiscal cliff isn’t higher tax rates, which economists agree will destroy hundreds of thousands of jobs for middle-class families. Republicans remain committed to finding a balanced solution to the fiscal cliff – one that involves both savings from substantive entitlement reforms and higher revenues through pro-growth, comprehensive tax reform.”
The BRT’s letter can be found here.