Ros-Lehtinen Votes NO On Massive Trillion Dollar Spending Plan Because It Contains Unprecedented Spending With Very Few Real Solutions For America's Working Families
Congresswoman Ileana Ros-Lehtinen, senior member of the Florida Congressional Delegation, issued the following statement after she voted against the trillion dollar spending bill (amount is confirmed by the Congressional Budget Office) on the grounds that it does little to truly stimulate our economy but it goes a long way to assuring that our generation and the next are stuck with a colossal debt.
"In September, I joined several of my Florida colleagues in supporting a stimulus package which provided targeted funding to the recently unemployed, struggling seniors, and needy families.
This is in stark contrast to today's trillion dollar budget buster which provides the bulk of its funding toward long-term projects, when our economy and nation need relief now, not just in 2010 and beyond.
In my home state of Florida, unemployment is on the rise, foreclosures are rampant, and families are dipping into what savings they have left just to pay the bills and make ends meet. A long-term bureaucratic driven spending plan is not the solution they need .
I support an alternative plan which would provide immediate relief to middle-class taxpayers and small businesses. This plan would provide an average benefit of up to $1200 for working families through the reduction of the lowest individual tax rates from 15% to 10% and from 10% to 5%, with a married couple who file joint returns saving up to $3200 a year in taxes.
Small businesses are the primary engine of job creation in our economy, not the federal government. I support a plan which decreases taxes on small business, so that they can keep more workers on payroll by allowing them to take a tax deduction equal to 20% of their income and use those funds to retain and hire new employees. I also support a credit of $7,500 for home buyers who can make a minimum down payment of 5% on a new home; unfortunately it was not included in this legislation.
Many good ideas have been put forth to stimulate our moribund economy. The time for politics has passed and the American people expect tangible solutions to their economic problems. Sadly, this legislation will do little to alleviate the burden on our middle class."