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Contact: Aaron Groen
202-225-2071

Congresswoman Virginia Foxx (NC-05) released the following statement today on the so-called “stimulus plan” being considered by the House of Representatives:

“The economic challenges facing our country today are great.  Americans expect Congress to take seriously the need to get the unemployed back to work and to help small businesses, the engine of our economy, create most of those jobs.  Doing the right thing means we must cut taxes for small businesses and all American families rather than spending billions on pet projects that do nothing to stimulate the economy.

“This $825 billion borrow and spend plan that shells out $7.7 billion for programs that already have a budget surplus, that spends more than $330 million for sexually transmitted disease programs and that fritters away another $400 million for NASA global warming research does not measure up. 

“We are being told that action is urgent but only 15 percent of the spending in this bill will get into the economy in 2009 and only 35 percent in 2010.  That’s why today I will vote for an alternative plan that focuses on tax relief which leaves more money in the hands of working families instead of giving more money to government which is little more than pork barrel spending.

“Borrowing and spending the equivalent of $10,500 for every household in America will do little to nothing to create new jobs and will put us further down the road to a national debt catastrophe.  I urge my Democrat colleagues to consider the proposals put forth by Republicans to bring fast, efficient economic relief through targeted tax cuts for families and employers.”