|
|
|
| Taxes are NOT the Answer |
|
|
|
The American people waited for more than two months for the President to get off the sidelines and join the conversation about putting Washington on a budget. Wednesday, sixty-five days past his due date, President Obama issued a budget proposal which I find irresponsibly ignores our growing debt and defends the status quo. The contrast between his tax-laden proposal and the House Republican balanced budget is stark. I hope to discuss this with you in further detail Monday evening during our telephone town hall meeting.
The Path to Prosperity budget passed in the House of Representatives will balance in a decade, the President’s never will - ever. His budget will, however, compound debt, authorize more wasteful government overspending, and burden the American people with an additional $1 trillion in new taxes.
Republicans have asked Washington to make do with a little less to ensure that the American people are able to keep more of what they earn. Our balanced budget will grow the economy, ensure retirement security for seniors, and encourage job creation immediately.
Read more about the House Path to Prosperity alternative in the editorial I wrote below, and remember to take part in my telephone town hall meeting this Monday evening at 5:30 p.m.
Thank you,
Congresswoman Virginia Foxx
In Case You Missed It: Federal Budget Conversation Hits Home
By: Congresswoman Virginia Foxx
Republicans in the House of Representatives recently passed a balanced budget proposal. Democrats in the Senate, for the first time in four years, passed a budget as well. Theirs, however, will never balance. At the time this column was written, President Obama was two months late presenting a budget of his own, and indicated his would not aim toward balance.
Balanced budgets are hard to come by in Washington, D.C., and families across North Carolina want to know why. That's a fair question since cutting back and setting priorities is something families and small businesses do every day.
The most succinct reason for the federal government’s budget foibles is this: Washington has a spending problem.
Despite receiving some of the highest tax revenue totals in history, the federal government has been overspending by at least $1 trillion annually for the past four years. All told, national debt has increased $6.1 trillion to an historic high of $16.7 trillion on President Obama’s watch. Even with the $600 billion in new taxes the president demanded to avert the fiscal cliff, the federal government is projected to add nearly $7 trillion in more debt over the next 10 years. Such spending is simply unsustainable and must be corrected. But how? Click here to keep reading.
TOWN HALL QUESTION: Do you think more taxes are necessary?
On January 1, taxes increased on every American worker. The President shouldn't be seeking to raise taxes $1.1 trillion more through his budget. Sound off on the President's tax proposal this Monday night, April 15th. To RSVP for Congresswoman Foxx's telephone town hall meeting, click here. |
|
|
|
NOTE: Please DO NOT respond to this email as this inbox is unattended. To contact my office please click here
|
|
|
