H.Res. 805 (112th): Expressing the sense of the House of Representatives that in order to create certainty in the United ...

...States economy so that small businesses and job creators can invest and hire, Congress should enact long-term, predictable tax policy

112th Congress, 2011–2013. Text as of Sep 21, 2012 (Introduced).

Status & Summary | PDF | Source: GPO

IV

112th CONGRESS

2d Session

H. RES. 805

IN THE HOUSE OF REPRESENTATIVES

September 21, 2012

submitted the following resolution; which was referred to the Committee on Ways and Means

RESOLUTION

Expressing the sense of the House of Representatives that in order to create certainty in the United States economy so that small businesses and job creators can invest and hire, Congress should enact long-term, predictable tax policy and, in the event that Congress and the President choose to raise taxes, they should give United States citizens at least one year after the enactment or expiration of the legislation to prepare for and adjust to any impact that such increase in taxes may have.

Whereas the United States is on a fiscally and economically unsustainable course;

Whereas the United States is currently in the slowest recovery of any country in the world compared to other nations that have faced similar recessions in the last 40 years;

Whereas short-term tax policy is causing uncertainty and lack of confidence among small businesses that is slowing job creation and economic recovery;

Whereas small businesses need predictability and certainty about how much they will pay in taxes so they can invest in jobs in the United States; and

Whereas Americans want tax reforms that create a healthier environment for small businesses to hire and expand: Now, therefore, be it

That it is the sense of the House of Representatives that in order to create certainty in the United States economy so that small businesses and job creators can invest and hire, Congress should enact long-term, predictable tax policy and, in the event that Congress and the President choose to raise taxes, they should give United States citizens at least one year after the enactment or expiration of the legislation to prepare for and adjust to any impact that such increase in taxes may have.