Tuesday, December 11, 2012

75 Percent of Obama Proposed Tax Hikes To Go Toward New Spending

(Weekly Standard) According to the minority side of the Senate Budget Committee, $1.2 trillion of the proposed $1.6 trillion in tax hikes would go toward new spending, while only $400 billion would go toward deficit reduction.

"The [president's] plan called for $1.6 trillion in new taxes, twice what the president asked for in the campaign. He asked for $800 billion during the campaign. Now he wants $1.6 trillion in new taxes," said Senator Jeff Sessions, the ranking member on the Senate Budget Committee, last week on the floor.

"Our spending is growing. It is not decreasing. It is already projected to grow, but the President's proposal is to have it grow even faster than the law currently calls for."

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1 comment:

  1. Obama's plan is to spend us into bankruptcy. He's doing all he can to make sure we're ruined before his term of office ends. Obama is a Muslim. He lies and lies and lies and makes promises he's no intention of keeping but that will buy him votes. Obama is our worst enemy today, and we have many in many parts of the world.

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Posted By: Chris Carmouche