Joe Pitts: “Republicans have always maintained that fiscal restraint is the key to balancing our budget and generating economic…”

“Republicans have always maintained that fiscal restraint is the key to balancing our budget and generating economic growth. While liberals have attempted to balance the budget on the backs of taxpaying families, Republicans have continuously worked to get to balance by limiting our Government's size, scope, and spending. I believe the only way we can balance our Federal budget is with increased tax relief and decreased Government. That is why I am introducing the Tax Relief Guarantee Act today. The Tax Relief Guarantee Act accomplishes three important goals as we try to ensure tax relief and a balanced budget by the year 2002. First, my bill allows any Member of Congress to stop consideration of a bill which raises taxes to enforce the balanced budget agreement. Second, the Tax Relief Guarantee Act prohibits the suspension or revocation of any tax relief given over the next 5 years. And finally, this legislation requires that the budget be in balance by the year 2002. The Tax Relief Guarantee Act essentially ensures that any revenue shortfall in the balanced budget agreement be mitigated by decreases in spending, not an increase in taxes or a suspension of tax relief.”