Congress Must Exercise Caution on Tax Changes

• By Rep. Eric Cantor
• Special to Roll Call
• Sept. 24, 2007, 12:20 p.m.

First, do no harm.
That should be Congress’ catchphrase. The mounting challenges threatening America’s supremacy as an economy and magnet for capital investment should require Congress to exercise extreme caution in contemplating tax increases. Yet despite the skittishness of our capital markets and the slashing of tax rates on investment around the world, a desire to find offsets for increased spending has instead fueled a drive for antigrowth tax hikes. Now it’s time for us to take a sober look at the harm tax increases would cause to the economy, job creation and the savings of ordinary Americans.