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Public Statements

Obama's Budget Groundhog Day

Floor Speech

Location: Washington, DC

Mr. PALAZZO. Mr. Speaker, the White House has presented its sequel budget plan for America, but this sequel looks strangely like the prequel--filled with rhetoric, flat on vision for economic growth, and heavy on new taxes for America's small business owners and job creators.

As a CPA who operated my own practice, I have filed thousands of tax returns for individuals and small businesses. I have not only met payroll myself, but I have examined the bottom line of businesses that are trying to keep their doors open. The sequel plan offered by the White House will tax those who are trying to expand and invest. It will ultimately cripple job growth and recovery in America.

Chairman Paul Ryan has presented a plan with a vision for job growth. It supports many of the concepts that as a CPA I have long advocated for, such as simplifying the Tax Code and reducing tax levels for small businesses and families. As a CPA, I know the Ryan plan presents a path to prosperity for America, and I will support it tomorrow.

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