House Republicans stepping up their attack on President Obamas proposed $3.6 trillion budget offered six principles Wednesday that they say will guide them as they formulate an alternative to the presidents ambitious plans.
The principles reflect the minoritys long-held views. GOP leaders said they will oppose any tax increases either on income or energy and will fight a cap-and-trade program to curb carbon dioxide emissions in order to combat global warming. Instead the Republicans reiterated their all of the above" energy proposals that stress new domestic oil and gas production and development of alternative energy sources.
They also said that raising income taxes on those earning more than $250000 a year as Obama has proposed would penalize small business owners. I dont know too many people in my district who think raising taxes on small businesses is a good idea in a recession" said House Republican Conference chairman Mike Pence of Indiana.
Republicans also called for an end to bailouts for financial services companies slowing the growth of federal spending and slowing the growth in health care costs through common sense reforms" to protect the future of Medicare.
The party members pledged to fight against a flareup of inflation which they predict will be an inevitable outcome of Obamas increases in domestic spending.
Pence said the principles are just the start of what Republicans promise will be a complete alternative budget they will offer in the next few weeks. Rep. Paul Ryan R-Wis. ranking Budget Committee member is leading that effort.
Congressional Democrats are unlikely to pay much attention to the GOP principles and alternative budget proposals when they draft a fiscal 2010 budget resolution next week that will establish a framework for later legislation to advance Obamas agenda.
House Republicans stepping up their attack on President Obamas proposed $3.6 trillion budget offered six principles Wednesday that they say will guide them as they formulate an alternative to the presidents ambitious plans.
The principles reflect the minoritys long-held views. GOP leaders said they will oppose any tax increases either on income or energy and will fight a cap-and-trade program to curb carbon dioxide emissions in order to combat global warming. Instead the Republicans reiterated their all of the above" energy proposals that stress new domestic oil and gas production and development of alternative energy sources.
They also said that raising income taxes on those earning more than $250000 a year as Obama has proposed would penalize small business owners. I dont know too many people in my district who think raising taxes on small businesses is a good idea in a recession" said House Republican Conference chairman Mike Pence of Indiana.
Republicans also called for an end to bailouts for financial services companies slowing the growth of federal spending and slowing the growth in health care costs through common sense reforms" to protect the future of Medicare.
The party members pledged to fight against a flareup of inflation which they predict will be an inevitable outcome of Obamas increases in domestic spending.
Pence said the principles are just the start of what Republicans promise will be a complete alternative budget they will offer in the next few weeks. Rep. Paul Ryan R-Wis. ranking Budget Committee member is leading that effort.
Congressional Democrats are unlikely to pay much attention to the GOP principles and alternative budget proposals when they draft a fiscal 2010 budget resolution next week that will establish a framework for later legislation to advance Obamas agenda.
