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The Majority's Budget is Fiscally Irresponsible

Date: March 14, 2008
Location: Washington, DC
Issues: Government Budget and Spending


THE MAJORITY'S BUDGET IS FISCALLY IRRESPONSIBLE -- (House of Representatives - March 14, 2008)

(Ms. FOXX asked and was given permission to address the House for 1 minute.)

Ms. FOXX. Mr. Speaker, I rise today in strong opposition to the majority's proposed budget. Our country cannot afford this irresponsible budget. It fails to rein in spending and raises the taxes of millions of hardworking middle-class Americans by $683 billion over the next 5 years.

Under this budget, North Carolina taxpayers will be hit with an average tax increase of $2,672. As working Americans face a slowing economy, the last thing they need is a job-killing tax hike.

The majority budget also increases discretionary spending by $276 billion over the next 5 years.

The Federal Government should never spend one penny more of taxpayer money than it needs to. American taxpayers deserve the kind of fiscal accountability that prioritizes balancing the budget without raising taxes on the American people. But this budget is straight from the same old tax-and-spend school of budgeting that Americans simply can't afford.


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