Political Quotes

“whatever the rhetoric, the Democratic budget resolution fails to keep faith with the American people. Instead of embracing fiscal responsibility, it underwrites a saturnalia of spending propped up by, and listen to my words, the largest tax increase in American history. Instead of maintaining pro-growth tax policies that grow the economy and reduce the deficit, this budget clobbers the American economy by requiring nearly $400 billion of new revenue. Instead of protecting middle-class families, it lays the groundwork for tax increases on a whole new level of taxpayers. Instead of setting new priorities, it throws priority setting to the wind and undercuts the benefits of tax policies that have clearly helped the middle class. The details are stunning. For starters, the Democratic budget threatens to reduce the child tax credit by half, increase the lowest tax bracket from 10 to 15 percent, reconstitute the marriage penalty and eliminate incentives for higher education savings like the student loan interest deduction. In my home State of Pennsylvania, the average taxpayer can expect to see an estimated $3,000-plus increase in their annual tax bill. That is an increase in the tax bill for a working family of more than $15,000 over a 5-year period. That is a different standard of living. So much for their empty rhetoric about children and families.…”