Wilson Brags About Tax Hikes and Expanding Welfare

Under the inocuous title,  "Small Business and Infrastructure Jobs Tax Act of 2010" (aka H.R.4849), the U.S. House just voted to continue the failed Stimulus strategy.  However, Wilson, a happy "aye" vote, says:

“This legislation is the latest in a series of Congressional efforts to get our economy back on track,” Wilson said. “We started with the Recovery Act and helped pull the economy back from the brink of depression. Now we need to get every Ohioan and every American who’s looking for a job, back to work."

Let's look at the facts:

over the next ten years the bill provides $2.5 billion in welfare spending, $3.58 billion in small business tax incentives, $13.16 billion in state and local infrastructure subsidies, and raises taxes by approximately $19 billion.

Hmmm.  Let's see, 3.58 Billion to small business and $13.16 to government (more than 80%!).  Sounds like a government bailout not a small business hand up, don't you think?! 

Here are few more uncomfortable numbers that the Democrats, including Charlie Wilson, like to hide:
The stimulus bill (H.R. 1, the American Recovery and Reinvestment Act of 2009), according to the CBO's re-estimate, is actually costing us $1.1 trillion.  It was supposed to create 3-4 million new jobs and unemployment would not go above 8%.  The national unemployment rate has just passed 9.7%. 

And this statement from the Republican Cloakroom:

The legislation includes a highly controversial tax increase on companies located in the United States and employing American workers. Specifically, the tax increase targets “insourcing” companies, American subsidiaries of companies headquartered abroad that create and sustain good jobs in the United States. Taxing these employers and these jobs would be dangerous for our already struggling economy, could encourage these companies to move American jobs overseas or to curtail future job-creating investments in America, and could invite retaliation by other countries.

Furthermore:

As Ranking Member Camp (R-MI) and 14 other Republican Members wrote in their dissenting views, "taxing these employers and these jobs would be dangerous for our already struggling economy, could encourage these companies to move U.S. jobs overseas or to curtail future job-creating investments in America, and could invite retaliation by other countries." (emphasis mine)

So much for job creation.