Dear Rep. Graves,
I had hoped that you would be a fresh start for this district (I live in Union County) but your latest newsletter scares me into thinking that you and your staff are not doing their homework. To say that the tax cuts for the top 2% hits small businesses hard, and that they are the primary source of new jobs, simply is not borne out by the facts.
You tell me that you want to extend all of the Bush tax cuts permanently but fail to mention that the 10-year cost is over four trillion dollars and subject to increasing the national debt by the same amount. When looking at the wealthy (top 2%) that would see a 3% tax increase under the Democratic plan, you say that the group includes over half of our small business owners. What you fail to report are the findings of the nonpartisan Congressional Research Service that only 2% to 3% of small business owners would be affected in any way. And this is true if the tax increase applied to individuals with adjusted gross income above $200,000, below Obama’s threshold.
Are small businesses the job generators that you say they are? Politico pointed out that numerous studies show “smaller businesses create jobs at roughly the same rate as larger ones.” Besides, what neither party is pointing out is that everyone will get the same tax break on the first $250,000 of income regardless of what they earn. This is hardly the class warfare being bantered around by the media. You would think the top 2% were being persecuted by a 3% tax hike on adjusted gross income beyond $250,000.
Look at this select list of “small businesses” that will receive huge tax breaks every year and tell me they will use that money to create jobs:
G.W.Bush – $187,522; Rush Limbaugh – $2,689,135; Glenn Beck – $1,512,352; Sean Hannity – $1,006,352; Bill O’Reilly – $914,352; Sarah Palin – $638,352, Newt Gingrich – $247,352.
Yes, I could keep going and also list a number of progressive politicians but I think you get my point. That clearly suggests that you are protecting millionaires rather than searching for the best ways to create jobs and reduce the national debt. I do not think you were elected to follow the Republican Party line but that appears to be the path you are following.
Please spend more time trying to create jobs providing extended unemployment for those four out of five people who cannot find a job because they do not exist, and reducing the national debt rather than misleading your constituents by spouting misleading and false claims to justify protecting a segment of our population that has received outsized benefits from the Bush tax cuts. I suspect you are middle class, though I do not know, so you should understand our plight. I would hate to think you are in the group (millionaires) that appear to be rewarding themselves at the expense of the national debt.