Tax Hikes and Irresponsibility in Democrats’ Budget
Posted by GOP Leader Press Office on March 10th, 2008
Today in The Hill Blog, Republican Leader Boehner previews the budget debate on the House floor this week:
This week will be an important one in Congress for America’s middle class families facing rising costs for gasoline and energy, health care, and housing. With the House expected to debate the Democrats’ budget, members will have to decide whether to vote for largest tax increase in American history, designed to finance bigger government and more pork-barrel spending, or support the Republican approach of new middle class tax cuts, fiscal responsibility, and meaningful entitlement reform.
Friday’s employment report for February underscored what American families want: lower taxes and fiscal responsibility. That’s exactly what Republicans are fighting for. Unfortunately, the Democrats’ budget includes a tax increase for every American taxpayer by reinstating the marriage penalty, slashing the child tax credit by $500 per child, and increasing taxes by 50 percent for people in the 10 percent tax bracket. Worse yet, this epic tax increase would be levied by Democratic leaders solely to bankroll billions upon billions in reckless and wasteful Washington spending that we neither need nor can afford. That is an irresponsible approach, and House Republicans will work to defeat it next week. (To read more about the Budget Committee debate on Wednesday, click here for the Republican Leader’s blog).
As disappointing as the Majority’s plans are to raise taxes to finance more pork-barrel spending, their refusal to confront the looming entitlement crisis is equally troubling. Medicare and Social Security are headed for bankruptcy. The programs’ trustees have warned us of exactly that, and government and media reports in recent weeks have done the same. However, the Democratic Majority is playing the role of the ostrich on the challenge of entitlement reform, choosing to stick its collective head in the sand instead of working with Republicans to preserve Social Security and Medicare for a future generations of seniors.
In the face of continuing economic uncertainty, massive tax hikes and fiscal irresponsibility are not the answer, and that’s why we will oppose the Democrats’ budget. In sharp contrast, Republicans will continue to staunchly oppose wasteful Washington spending and fight for new middle class tax relief.
Previously:
How Much Will the Democrats’ Budget Raise Your Taxes? (3/5/08)
House Democrats Make History, and You Pay for It (3/7/08)
Permalink |
This entry was posted
on Monday, March 10th, 2008 at 10:33 am and is filed under Fiscal Responsibility, budget.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Leave a Reply
