[Congressional Record (Bound Edition), Volume 155 (2009), Part 6]
[House]
[Page 7328]
[From the U.S. Government Publishing Office, www.gpo.gov]




     THE DEMOCRAT BUDGET: TAXING, SPENDING, AND BORROWING TOO MUCH

  (Ms. FOXX asked and was given permission to address the House for 1 
minute and to revise and extend her remarks.)
  Ms. FOXX. Mr. Speaker, the Democrat budget spends too much, taxes too 
much, and borrows too much.
  Last week we talked about the massive increase in government spending 
President Obama is planning, the largest since World War II.
  This week we will tell you how they plan to pay for all this new 
government spending--with the largest tax increase in American history.
  The Democrats' budget will raise taxes by $1.4 trillion on American 
families and businesses over the next 10 years. President Obama 
promised a tax cut for most Americans, but he raises energy taxes on 
100 percent of Americans. The Democrats' budget will put a new tax on 
charitable giving that could cost American charities as much as $16 
billion a year. This will harm numerous organizations at a time when 
many of these groups are now struggling with the economic downturn.
  This is the wrong direction, Mr. Speaker. We need to stop this 
spending, taxing, and borrowing.

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