Pearce Votes for Tax Cut That Will Benefit More Than 30,000 In-State Businesses

Steve Pearce

Washington DC - Today, Congressman Steve Pearce voted in favor of H.R. 9, the Small Business Tax Cut Act, which gives a 20 percent tax cut to local New Mexico businesses that have fewer than 500 employees.“New Mexico has over 30,000 businesses that will benefit from the tax cuts provided in the legislation we passed today,” said Pearce. “Current tax rates on businesses are too high.  Washington is taking too much from our local businesses and making it difficult to hire additional employees.  With national unemployment stagnant at 8.2 percent, we cannot continue to tax hard working Americans out of their jobs. Having our local businesses keep more of their hard-earned money here at home in New Mexico—not back in Washington—will allow for long-term private sector job creation.” This week, the Senate attempted to raise taxes by passing the so-called ‘Buffett Rule.’  In response, Pearce stated: “The Senate is doing nothing more than bringing forward gimmicks that will raise taxes on small businesses and grow our deficit. While the Senate and the President have been playing politics, the House has passed 27 bills that will create jobs. Job creation is the best solution to our current economic crisis, and it is time to put aside political games and work together for the good of hard working Americans.” H.R. 9 passed the House of Representatives today and will be sent to the Senate for consideration. 

Pearce Votes for Tax Cut That Will Benefit More Than 30,000 In-State Businesses