Tom Rooney: Tax Cut Extensions Good But America Needs More

After a late night and early morning to vote in favor of extending tax cuts backed by George W. Bush in 2001 and 2003, U.S. Rep. Tom Rooney, R-Fla., weighed in on Friday morning on why he voted for the measure.

This plan is 85 percent tax cuts and 15 percent spending. The new spending will be dealt with in short order by making cuts to other areas, said Rooney, who argued that letting the tax cuts expire would be the largest tax increase in American history. By keeping taxes low, people control their own money, rather than surrendering it to the government.

While this bill should prevent further job losses, we must now get to work on permanent tax relief that will give small businesses the stability and certainty they need to grow and create new jobs, added Rooney.Without a permanent tax code, families and small businesses are left in limbo, unable to budget and make financial plans.We have seen over the last two years that the threat of a tax increase is an obstacle to job creation and economic growth.