Democrats' Budget A Job Killer
Democrats' Budget A Job Killer
Thornberry Says Small Business Must Have Relief
Congressman Mac Thornberry (TX-13) today issued the following statement concerning his vote against the passage of President Barack Obama's budget:
"The final $3.6 trillion budget passed by the House today is the largest budget in the history of the country. It will result in a nearly half-trillion dollar tax hike this year. Taxes on families, small businesses, and workers increase by $1.5 trillion over 10 years, and, despite proposing total tax collections equal to $14.2 trillion over five years, the President's budget will result in the six largest annual budget deficits in American history, and $5.2 trillion in additional national debt by 2014."
"Today, as Congress passed this deficit spending plan, the Department of Commerce announced a 6.1 percent decline in the first quarter 2009 gross domestic product (GDP). Our country has lost more than two million jobs since the beginning of the year, and middle-class families and small businesses continue to suffer. Year-in-year-out small business creates as much as 70 percent of the new jobs in our economy. A tax increase on small business will kill those jobs; this is no time for a tax increase on small business."
"This budget spends money we don't have, saddles our children and grandchildren with debt, and raises taxes on families and small businesses, and will even take away the middle-class tax cut the President promised during the campaign."
"It is possible to run the government without allowing spending to run away. I supported a budget that would have provided $1.2 trillion in tax relief. It also included provisions to end bailouts, reduce non-defense discretionary spending, and tackle health entitlements. The budget plan I supported would have reduced the national debt by more than $6 trillion compared to the President's plan that passed today."
"When I vote for or against a bill in Washington I always remember that the money Washington spends comes from the wallet or purse of a taxpayer in Texas. At a time when American families have to tighten their belts, some in Washington still haven't gotten the message and can't seem to stop spending other people's money. The spending has got to stop."
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