REACT -- the President's budget PDF Print E-mail
News Releases - Business, Economy & Finance
Written by Grassley Press   
Monday, 13 February 2012 14:48
Monday, February 13, 2012

Senator Chuck Grassley made the following comment about the President’s budget proposal.

“After he was elected, President Obama said he knew the economy couldn’t handle a tax increase.  Today, unemployment is still 8.3 percent, but the President wants to increase taxes $1.5 trillion.  An Obama tax increase would set the economy back and fuel more government spending.  It keeps America on the path of big deficits and record debt, all at the expense of the next generation.  When I asked the Federal Reserve Chairman during a budget committee hearing last week, he reiterated that the economy couldn’t handle a tax increase.  So, again, the White House is choosing its reelection campaign over any attempt to start reducing the size of government and chart a course for private-sector job creation.

”Leadership by the Senate Majority Leader is just as lacking.  Earlier this month, Senator Harry Reid said he had no intention of allowing the Senate to consider a budget this year.  The Senate hasn’t produced a budget for the last three years because Senator Reid doesn’t want senators in his caucus to have to take difficult votes, also putting politics above the responsibility that’s held by elected officials.”


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