PRESS
RELEASE
For Immediate Release: March 30, 2007
Contact: Abigail Shilling (202) 225-6365
Forbes Votes Against Biggest Tax
Increase in History |
WASHINGTON, D.C. –
Congressman J. Randy Forbes (VA-04)
voted against the 2008 Budget Resolution today, H.Con.Res. 99, which
would inflict the largest tax increase in American history – nearly
$400 billion over five years and an average tax increase of $3,119
for Virginia taxpayers.
“The growth of our economy, fueled
by tax relief, would be brought to a halt by this increase,” said
Forbes. “Common sense tells us that individuals spend their money
more wisely than the federal government. Constituents look to their
representatives to produce a fair, balanced and responsible budget
without taking more of their hard-earned money.”
Congressman Forbes voted in favor
of the budget substitute amendment, which includes manageable
spending, continued tax relief and reserve funding for emergencies.
National advocacy groups in favor of this budget substitute include:
Freedom Works, Citizens Against Government Waste, the Club for
Growth and the National Taxpayers Union.
Forbes also recently cosponsored
the following legislation which encourages fiscal responsibility,
addresses the need for a balanced budget and continues tax relief
for American families:
·
H.J.RES.1,
the Balanced Budget Amendment, which will force Congress to enact
fiscally responsible spending measures, reduce the deficit, and
ensure that the money our citizens work so hard to earn is not spent
on wasteful spending and programs. The bill requires that Congress
not spend more than it receives in revenues, requires the President
to submit a balanced budget to Congress, and requires a 3/5 majority
vote to increase the debt limit. A Constitutional amendment will
force Congress to eliminate unnecessary and wasteful spending and
make the decisions necessary to balance the budget and eliminate the
federal deficit.
·
H.R. 1122,
the Emergency Spending Control Act of 2007, which would require
justification from the President for all funding requests designated
as an ‘emergency.’ It would create a separate reserve fund in the
budget in anticipation of these emergency funding needs. The
emergency cost of the hurricane season of 2005, including Hurricane
Katrina, was over $110 billion. This bill would work towards
ensuring emergency spending is more thoroughly reviewed and provided
for in the budget.
·
H. R. 510,
the Tax Code Termination Act, which would abolish the Internal
Revenue Code by December 31, 2010 and establish a new federal tax
system by July of 2010. This legislation would terminate our current
tax code and force Congress to fully debate and address fundamental
tax reform.
·
H.R. 411,
the Tax Relief for Families Act, which would make some of the most
popular, common-sense tax cuts permanent to help Americans better
provide for their families and help our economy. Specifically, it
will make permanent the Child Tax Credit, Marriage Penalty Relief,
College Tuition Deduction, State and Local Sales Tax Deduction and
School Teacher Expense Deduction, and it would repeal the estate
tax.
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