[Congressional Record Volume 157, Number 110 (Thursday, July 21, 2011)]
[House]
[Page H5301]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
DON'T RAISE TAXES IN A RECESSION
(Mr. STUTZMAN asked and was given permission to address the House for
1 minute and to revise and extend his remarks.)
Mr. STUTZMAN. Madam Speaker, in August 2009, President Obama visited
my district in Elkhart, Indiana. A brave constituent of mine expressed
his disappointment with taxes and asked the President to explain how
raising taxes on anyone during a deep recession is going to help with
the economy. President Obama responded: ``I guess what I would say to
Scott is his economics are right; you don't raise taxes in a
recession.''
Responding to a follow-up question by MSNBC's Chuck Todd, he stated:
``So he is absolutely right. The last thing you want to do is to raise
taxes in the middle of a recession because that would just suck up--
take more demand out of the economy and put business in a further
hole.''
Now the President is demanding that any debt ceiling compromise
include higher taxes. That would discourage economic growth and, in his
own words, take more money out of the economy.
Washington has a spending problem, not a revenue problem. The GOP
plan, the Path to Prosperity, addresses our spending problems, puts our
Nation on a strong footing and begins the journey towards balanced
budgets and economic recovery. As part of our Cut, Cap, and Balance
Act, House Republicans have demanded that a balanced budget amendment
to the Constitution be sent to the States for ratification, to require
a balanced budget in Washington just like Americans do every day.
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