Unless Democrats take action, hard working Americans will face the largest tax increase in the nation's history on January 1, 2011. To date, Democrats have done nothing to stop the $3.8 trillion tax hike, leaving small business owners and families uncertain about their futures, and hesitant to spend, lend or invest. With unemployment hovering near 10 percent, tax increases could not come at a worse possible time.
Washington keeps asking you, the people, to give more of your paycheck as you struggle to pay the bills and provide for your families. I will continue to fight against the Administration's push to increase your tax burden. If we want our economy to recover and our nation to prosper once again, we have to stop taking so much away and give decisions back to the people. Instead of politicians in Washington pretending to know what's best, let the people decide for themselves.
Out-of-control spending by the Democrat controlled Congress has added an astounding $4.4 trillion in deficits to the Congressional Budget Office's (CBO) ten year budget projection. Our national debt is rising every minute and is presently above $13 trillion.
The harmful effects of runaway spending on growth and prosperity are vast. The debt explosion created to fuel Washington's recklessness has a personal impact on every American: it is ultimately borne by every man, woman and child in the nation.
If nothing is done, our generation will have the sad legacy of being the first to lower the standard of living for the next generation. We must act quickly!
Families and small businesses have to balance their books and the government should be no different. The American people know that the economic policies of Washington Democrats are failing, and they're looking for a new approach. I will continue my fight for fiscal discipline in Washington and tax relief for all Americans.
Congress must stop passing bailouts and stimulus packages. Two simple measures that would have an immediate impact are to call on Congress to move in a bipartisan way to cut all non-security spending back to 2008 levels and reject raising taxes on any American on January 1, 2011. These are necessary first steps that Washington can take to counteract the failed policies of more taxes, borrowing and stimulus spending.