MR. OBAMA "DOUBLES DOWN" ON THE FISCAL CLIFF
WASHINGTON, DC â€“ Rep. Pete Olson (TX-22) today made the following comments after President Obama made his budget proposal. The proposal includes $1.6 trillion in new taxes, $50 billion in more stimulus spending, unfettered power to raise the debt limit and no action on saving Medicare, Social Security or Medicaid.
â€œThe Presidentâ€™s proposal just legislates our nation off the fiscal cliff. I donâ€™t know why he doesnâ€™t understand that raising income and investment taxes on Americans is the best way to ensure a recession. The last thing taxpayers can afford is more wasteful â€œstimulusâ€ spending, but it is evident that is where he wants to go. House Republicans will not follow. The more President Obama refuses to negotiate a real solution, the clearer it becomes that he views this as a political opportunity. If your goal is not to restore Americaâ€™s future, but instead to destroy the opposition party, itâ€™s obvious that power â€“ not the people â€“ is your priority. House Republicans will continue to ensure that the power remains with the people.â€
Media Contact: Melissa Kelly