Capito Supports Plan To Pay Our Bills And Prevent Default

Press Release

Congresswoman Shelley Moore Capito, R-W.Va., voted in favor of the Budget Control Act of 2011 which would prevent the United States from defaulting on its obligations while changing the course of spending in Washington and also pass a balanced budget amendment.

"It's time for Washington to show why we were elected to lead. We can find an agreement that does not give up our principles. The American people need to see that we can get this done. We will increase the debt limit and pay our bills, but we're not going to give the President a blank check. Unfortunately, sometimes it takes a situation as grave as the threat of default to make serious changes. Make no mistake, this is an opportunity to finally handcuff spending and start living within our means, just like American families do," stated Capito. "Throughout this entire process, the President has failed to deliver his own plan to tackle our money problems. We can't vote on a speech. If the President is serious about protecting senior citizens, creating jobs and strengthening our economy, he and Senator Harry Reid will pass this bill. We're running out of time."

Capito has never wavered from her position that any increase in the debt limit must be accompanied by equal or greater spending cuts, and that tax increases are a non-starter.

Nearly 75 percent of America's small businesses file their taxes as individuals. Half of those small businesses would payhigher taxes under the President's proposed tax increases. Capito has, however, remained open to revenue increases by closing special interest loopholes and cleaning up the tax code.

The small business community, including the National Federation of Independent Business and the U.S. Chamber of Commerce has rallied behind this plan.

"Small business owners know they will go out of business if they spend more than they take in, and expect the government to operate by the same common-sense principle. Washington has a spending problem, not a revenue problem. We at NFIB thank Congresswoman Capito for helping make the cuts necessary to start us on a path to get our fiscal house in order without raising taxes on America's job-creators," noted Dan Danner, president of the National Federation of Independent Business.

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