Here are my issues on the tax bill that Rep. Glenn Thompson has voted on
Issue #1 – Thompson has, in the past, been huge proponent of limiting increases in the federal deficit. Yet the bills that have been passed and are waiting on reconciliation are going to increase the deficit by over $1 trillion. That is more than $3,000 for each man, woman and child in the U.S. Bringing it down to a more local level, in DuBois that is an additional debt of $23.3 million for the current residents of DuBois. That does not count Sandy Township or Falls Creek, only Dubois. Their stance is it will be offset by increases in growth and new jobs. History contradicts those assertions. Numerous attempts at similar legislation at both the state and federal levels have shown that you cannot maintain the deficit with these types of tax cuts. The information on the additional deficit comes from the independent Congressional Budget Office. Republicans want to say they are wrong but they have used reports from that office as being accurate but now it does not show what they want it to show.
Issue #2 - While on the subject of growth and new jobs where are the employees that will be hired going to come from? Current Federal Unemployment rate is 4.4%. It appears that most economists put full employment at 4-5%. So, according to most economists, we are at full employment. With the current Federal Unemployment rate at full employment there are not enough employees to prevent the huge increase in the deficit.
Please call Thompson’s office and voice your displeasure and request he vote against the tax bill unless they can balance the bill – Bellefonte office (814) 353-0218; Titusville office (814) 827-3985 or his Washington office at (202) 225-5121.
– Jerry Zelt, St. Marys