The federal government doesn't have a budget problem because it taxes too little; it has a budget problem because it simply spends too much. I'm proud to have served seven years in the Nebraska Legislature balancing our state budget (as required by our state constitution) and voting for the largest tax relief package in Nebraska history. I have signed the Taxpayer Protection Pledge promising not to raise taxes on individuals and businesses. I will take my budget-cutting skills to Washington and convince Congress to cut spending, not raise taxes. As Ronald Reagan showed us, reducing taxes spurs economic growth and creates private sector jobs and I will bring that philosophy to the U.S. Senate.
Our federal debt is almost $15 trillion dollars. That is just unacceptable. We simply can not continue to print money to pay our national debt. Our first priority must be to cut federal spending. We cannot tax our way to prosperity like President Obama has proposed. The appetite for big spending programs is strong in Washington D.C. and we need to change politics-as-usual. That's why I strongly support a balanced budget amendment at the federal level.
Small businesses will create the jobs of the future and we must create an environment that encourages entrepreneurship. However, the federal government continues to overburden small business owners with needless paperwork and unnecessary requirements. In the U.S. Senate, I will be an advocate for our small businesses by working to eliminate burdensome regulations.