Richard Carmona’s Economic Plan: Higher Taxes On Small Business Owners In Arizona

While U.S. Congressman Jeff Flake has unveiled his six point plan for economic growth and prosperity, earlier this week Democrat Richard Carmona revealed that his economic plan was to double-down on President Obama’s failed economic policies of higher taxes and more government spending.

Carmona told The Hill that he will oppose a full extension of the 2001 and 2003 Congressional tax cuts.  According to reports, this will cost small business owners in Arizona with $3.5 billion in lost economic output and could kill 13,000 jobs in the Grand Canyon State.

As The Hill reports:

“I would be willing to enter into discussion to say, people making over $250 or $300 or $500 [thousand] could pay, and you know, I’m a high wage-earner, and if I had to do that to help out for the next year, OK, I’ll do that.”  (Alex Jaffe, Senate Candidate Carmona Has Dems Seeing Blue In Red-State Arizona, The Hill, 9/24/12)

Notably, Carmona is also a strong supporter of President Obama’s $1.76 trillion, job-killing healthcare law.

“Richard Carmona’s economic plan is quite simple: he stands united with his fellow liberal Democrats in raising taxes on small business owners in Arizona, which could kill 13,000 jobs in the Grand Canyon State,” said National Republican Senatorial Committee (NRSC) spokesman Jahan Wilcox.  “It’s no surprise President Obama recruited Richard Carmona to run for Senate, because he will clearly be a reliable vote for the President’s tax-and-spend agenda.  Arizonans need Jeff Flake who has a plan that will actually reduce the debt and get our country working again.”

BACKGROUND …

Richard Carmona Opposes A Full Extension Of The 2001 And 2003 Tax Cuts

RICHARD CARMONA:  “I would be willing to enter into discussion to say, people making over $250 or $300 or $500 [thousand] could pay, and you know, I’m a high wage-earner, and if I had to do that to help out for the next year, OK, I’ll do that.”  (Alex Jaffe, Senate Candidate Carmona Has Dems Seeing Blue In Red-State Arizona, The Hill, 9/24/12)

Which Could Kill 13,000 Jobs In Arizona

Obama-Carmona Plan To Raise Taxes Would Cost Arizona 13,000 Jobs. (Drs. Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP , 7/12)

• Obama-Carmona Plan To Raise Taxes Would Cost Arizona $3.5 Billion In Lost Economic Output. (Drs. Robert Carroll and Gerald Prante, “Long-Run Macroeconomic Impact Of Increasing Tax Rates On High-Income Taxpayers In 2013,” Ernst & Young LLP , 7/12)

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