About an hour ago, I received the following press release via email from Paul Ryan, House Budget Committee.
FOR IMMEDIATE RELEASE
September 19, 2011
Plan from President Obama
No Plan to Lift Crushing Burden of Debt
WASHINGTON – In response to the President’s latest proposal to raise taxes on job creators, House Budget Committee Chairman Paul Ryan issued the following statement:
‘The President’s partisan speech and misguided proposals are disappointing, but not surprising. Having overseen an unprecedented surge in government spending – from his failed stimulus law, to the creation of new trillion-dollar health entitlements, to double-digit percentage increases in the budgets of many federal agencies – the President has finally admitted that he plans to send the bill for Washington’s reckless spending straight to American businesses and families. A $1.6 trillion tax hike on job creators is never a good idea. But taking more money from private savers and investors, and giving it to the same government bureaucrats who brought us the Solyndra debacle, is an even worse idea – especially in a weak economy.
‘Unfortunately, none of the President’s proposals this year – from his February budget to his April budget speech, to his recommendations today – offers a credible plan to lift our crushing burden of debt while restoring economic growth. Instead of renewed prosperity, the President has offered us a plan for shared scarcity. The nation deserves better.’
For the latest from House Budget Committee Chairman Paul Ryan:
- 3 Steps to Pro-Growth Tax Reform
- Paul Ryan on Fox News Sunday: Class warfare = bad economics
- Paul Ryan on MSNBC – Close Loopholes, Lower Rates
- Paul Ryan in WSJ: Where’s Your Budget, Mr. President?