On the recordNovember 18, 2010
Politicians like to talk about cutting deficits. President Obama and his fellow Democrats seem to think tax increases are the only way to lower the deficit. Earlier this year, the President released a budget that called for $1.8 trillion in tax increases. In fact, since President Obama took office, Democrats have raised taxes by over $670 billion and have used nearly all of it to increase the size of government, not reduce the size of deficits. During the same 22 months, the Federal Government has spent $6.1 trillion. But now Democrats are about to hand the American taxpayers the largest tax increase in our Nation's history. And House Republicans are determined to stop it. Congress should permanently extend the tax relief for all taxpayers. Higher taxes are not the way to lower deficits. Washington must cut spending.
