Press Release
April 29, 2009
Congressman Jones’ statement on the Democrats’ budget follows below:
“During difficult times, American families and small businesses make sacrifices and do what they can to tighten their belts and reign in spending. Most people expect the federal government to do the same. Sadly,
“The spending in this budget resolution calls for a $1.23 trillion deficit for 2010, which will lead to unprecedented borrowing from
“While our nation continues to suffer amid a faltering economy, this budget includes $1.5 trillion in tax increases over the next 10 years. It not only imposes new taxes on corporate businesses but raises income taxes, harming the most successful small businesses that pay taxes at the top two individual rates. This budget also includes a new national energy tax that will cost every American household. Hiking taxes during an economic downturn will only hurt small businesses and slow job creation.”
“With its fast-track ‘reconciliation’ procedure to push through sweeping policy changes like government run-health care and its expansion of the federal government through huge increases in spending, taxes, and deficits, this budget resolution will plunge our nation further into debt and keep us from getting back on the right economic track.”