Published: 02-27-09
Its just more of the same old tax and spend"
WASHINGTONU.S. Sen. John Cornyn R-Texas a member of the Senate Budget Committee released the following statement Thursday regarding the budget proposal submitted to Congress by President Obama.
The budget plan President Obama submitted today is extremely disappointing. Its just more of the same old tax and spend. Imposing a $1.4 trillion tax increase on hard-working Americans and small businesses the very people who will create the jobs that will help turn our economy around is not the type of stimulus the American people need in tough economic times.
Additionally the deficit under President Obamas budget explodes to a mind boggling $1.75 trillion doesnt eliminate a single program and instead proposes to increase discretionary spending by almost 7 percent to $1.13 trillion at a time when working families and small businesses are tightening their belts.
It also completely ignores the real crisis facing our countrys economic stability our entitlement programs and their unfunded liabilities to the tune of $67 trillion and growing.
Despite all this I am committed to working with President Obama and the Democrat majority as the budget and appropriations process moves forward."
