[Congressional Record Volume 156, Number 151 (Thursday, November 18, 2010)]
[House]
[Page H7552]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
LARGE TAX INCREASES
(Ms. FOXX asked and was given permission to address the House for 1
minute.)
Ms. FOXX. Madam Speaker, politicians like to talk about cutting
deficits. President Obama and his fellow Democrats seem to think tax
increases are the only way to lower the deficit. Earlier this year, the
President released a budget that called for $1.8 trillion in tax
increases.
In fact, since President Obama took office, Democrats have raised
taxes by over $670 billion and have used nearly all of it to increase
the size of government, not reduce the size of deficits. During the
same 22 months, the Federal Government has spent $6.1 trillion.
But now Democrats are about to hand the American taxpayers the
largest tax increase in our Nation's history. And House Republicans are
determined to stop it. Congress should permanently extend the tax
relief for all taxpayers.
Higher taxes are not the way to lower deficits. Washington must cut
spending.
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