Tax, Tax, Tax...Spend, Spend, Spend

Floor Speech

Mr. THOMPSON of Pennsylvania. Tax, tax, tax, spend, spend, spend. Sounds like the movie Groundhog Day. Doesn't it? Well, actually, that would be an insult to my most famous constituent, Punxsutawney Phil. It is the Democratic budget.

Mr. Speaker, as the budget comes to the floor this week, the American people deserve to know the truth. This budget will increase taxes on every single American. This budget will stifle economic growth. And, this budget will increase the tax burden on small businesses, the very segment of the economy that is best equipped to get us back on track.

Mr. Speaker, this is not the change the American people voted for in November. At the current pace, the 111th Congress is going to leave one legacy for which it will be remembered, and that is a legacy of debt for future generations, $9.3 trillion in debt over the next 10 years, if the President's budget is rubber-stamped by this Congress.

It is time for the American people to hear the truth. This budget taxes too much, spends too much, and borrows too much.

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