Senator John Ensign, a member of the Senate Budget and Finance Committees, today reacted to President Obama's speech on his plan to reduce our nation's deficit by taxing America's job creators.
"Simply put, this theory that raising taxes on the nation's job creators will improve our economy is tired and overused," said Ensign. "President Obama's speech today centered more on political ideology than it did pure economics, and that is incredibly unfortunate considering the fiscal crisis that we face as a nation. The fact that our country has spent its way into a fiscal black hole is not the fault of those who create jobs; it's the fault of those who reside in the halls of Congress and in the White House who refuse to get Washington's spending problem under control.
"At a time when Congress should be looking from within to get its fiscal house in order, the President has yet again squandered an opportunity to lead. The way to deal with the deficit is to cut government spending, simplify the tax code and lower tax rates to encourage investment and job growth, making American businesses more competitive in the world."