Another entrepreneur with me today is Rich Lewis. Rich is the founder, president, and CEO of a technology company called RTL-Networks. Rich's company sells and maintains computer network hardware and infrastructure. His business is growing, as well. Over the past four years, RTL-Networks has expanded from one to 19 employees. Rich says, "We've been growing. I feel more secure now as an entrepreneur and business owner, and I see continued growth."
A third entrepreneur with me today is Luke Schmieder. He's the chairman and CEO and cofounder of Mesa Labs. His company sells kidney dialysis products, electronic measuring instruments, and biological indicators, which means they use technology to meet people's health care needs. His company got off to a rough start, until Luke mortgaged his house to turn things around. In the past six years the company has grown 34 percent. Luke says, "Revenues are up, earnings are up. I say it's a good economy right now."
Our tax cuts have helped businesses like these create jobs and deliver prosperity across Colorado and across the nation. Yet Democrats in Washington have consistently opposed cutting taxes. They predicted that the tax cuts would not create jobs, would not increase wages, and would cause the federal deficit to explode. American workers and entrepreneurs have proved all those predictions wrong.
But the Democrats are still determined to raise taxes. And if they gain control of the Congress they can do so without lifting a finger. Under current law, many of the tax cuts we passed have to be renewed by Congress or they will expire. In other words, if Congress fails to act your taxes will automatically go up. If Democrats take control of the House, the committee in charge of all the tax legislation would be chaired by a Democrat who recently said he can't think of one of our tax cuts he would extend. And if there's no legislation to renew and extend the tax cuts, every tax rate will go back up to its old higher level.
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