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The Economic Impact of the President's Proposed Budget

Floor Speech

By:
Date:
Location: Washington, DC

Mr. PITTENGER. Mr. Speaker, there is much that could be said about the President's proposed budget, but I think ordinary taxpayers need to know its impact on jobs and the economy.

Economists and national accounting firms have stated that the tax increases that President Obama pushed through in January have slowed the economy and contributed to a loss of 24,000 retail jobs in March, part of a very dismal jobs report. When consumers have less money in their pockets, the inevitable results in fewer jobs.

Apparently, President Obama has not learned from his mistake. His budget contains almost $600 billion in even more new taxes. At a time when millions of Americans are giving up hope of finding jobs and are exiting the workforce, President Obama's budget will only inflict more pain on ordinary families.

House Republicans have passed a responsible budget that leads to balance while also preserving Social Security and Medicare. Let's work together for fiscally accountable government that will help restore jobs to American families.


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