Our country is on an unsustainable path with trillion-dollar deficits annually, continued massive government spending, and an atmosphere of uncertainty as President Obama and congressional Democrats have enacted $760 million in gross new tax increases since 2009, with more tax increases planned. It's no wonder that unemployment remains stubbornly high and economic growth is sluggish. These policies are a threat to U.S. competitiveness. We need a commonsense policy to promote growth. We need to cut government spending and adhere to a balanced budget. We need to increase U.S. exports by implementing the three free trade agreements that we've already negotiated. That way, we show that America keeps its commitments. And we need to lower the corporate tax rate so that our U.S. companies can compete against foreign competitors. These are commonsense policies that will lead to U.S. competitiveness, job growth, and economic growth.
On the recordApril 21, 2010
Editor's note · Context
Speaker Boustany addresses concerns about U.S. economic policy and the need for fiscal reform.
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