President's Budget Spends Too Much, Taxes Too Much and Borrows Too Much

Floor Speech

PRESIDENT'S BUDGET SPENDS TOO MUCH, TAXES TOO MUCH AND BORROWS TOO MUCH -- (House of Representatives - March 17, 2009)

(Mr. PENCE asked and was given permission to address the House for 1 minute and to revise and extend his remarks.)

Mr. PENCE. It's St. Patrick's Day, Mr. Speaker, and my Irish grandfather would want me to do nothing short of acknowledging that and wearing the green. But I have to tell you, with the headlines about bailouts, the President's budget for $3.5 trillion and more spending and more taxes to grow government and pay for more bailouts, it's enough to get my Irish up.

Reality is that when the American people are taking a closer and closer look at this administration's budget, they know three things. This President's budget spends too much, it taxes too much and it borrows too much.

Believe it or not, in these times when the American people are saying enough is enough on big government spending and bailouts, this administration is poised to raise taxes on small business owners. Fifty percent of Americans who file taxes above the level the President wants to raise them are actually small business owners filing as individuals.

The average American household will pay $3,100 more with the President's new energy tax. And with the President capping charitable giving, charities in this country, churches and synagogues and the like could lose $9 billion this year alone.

Enough is enough. We have to say no to the President's budget and give the American people a budget that is strong and diverse and restrained and committed to growth as they are.

Source