"It is clear that his plan would only make our fiscal problems worse and harm our economy by imposing around $1.9 trillion of stifling tax hikes."
"A debt-to-GDP ratio above 100 percent is clearly unsustainable and puts us in the ranks of the many European countries currently in a severe debt crisis."
"I have a lot of respect for you. I think you are a very bright man, and you have had one of the toughest jobs in history, and I acknowledge that."
"I do not think anybody up here wants to cut entitlement programs if they can avoid it."
"I do not see any of that money going for deficit reduction."
"I have only been here 36 years, but I have gone through it over and over where a Democratic administration has come in and said, we just need more taxes and we will cut spending. We have given them th..."
"Unfortunately, it similarly fails to address the Nation's glaring fiscal crisis, and it will probably never be brought to a vote."
"the integrated tax rate on dividends would rise to 68.6 percent, and the rate on capital gains would rise to 56.7 percent."
"The Nation deserves a budget that responsibly addresses this debt crisis, yet last year the President delivered a budget that was unanimously rejected on the Senate floor."
"if there are no actions by the end of this year, ordinary income and dividends will face a top tax rate of 39.6 percent, and the capital gains rate will rise to 20 percent."
"In that op-ed, Drs. Furman and Goolsbee stated that then-Senator Obama's tax proposal would reduce revenues to less than 18.2 percent of GDP."