Dramatic tax increases could accelerate inflation and unnecessarily punish American job creators by decreasing our competitiveness abroad. And recent studies conducted by Ernst & Young show that proposed tax hikes on businesses could result in up to 1 million fewer jobs right here in the United States, along with up to $20 billion in lost economic activity across the country.

Additionally, the latest consumer price index indicates that inflation continues to increase at the fastest rate since 1981. Raising taxes during a recovery could accelerate inflation even further and hurt American families.

A potential tax increase on American manufacturers could negatively impact all of us. To put it simply: the hardworking families in your state – including myself – can’t afford that.

I urge you to support U.S. job creation and economic recovery. Please oppose tax hikes on American manufacturers.