simply chasing higher spending with higher taxes, as the Democrats want, will fail to address the unsustainable growth of government spending. We must balance the budget without tax increases. Part of the Republican plan is to make permanent the tax relief that continues to support our Nation's economic prosperity. Our pro-growth policies have worked to support our economy's solid sustained growth and have created more than 7.4 million new jobs. This growth has also fueled double-digit growth in Federal revenues and put us on a path to balancing the budget. The Democrat plan would simply reverse this progress with job-killing automatic tax increases. The Republican plan also includes reforms to unsustainable entitlement programs so they can meet the mounting challenges and obligations of the future. Mr. Speaker, the American people elected us to find solutions, not create more problems. I urge my colleagues to work with the Republicans to implement these real and workable solutions for a more fiscally responsible tomorrow.
James Barrett: “simply chasing higher spending with higher taxes, as the Democrats want, will fail to address the unsustainable growth…”
Editor's note · Context
Discussing fiscal policy and the need for budget balance without tax increases.
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