Congressman Goodlatte held a press conference at the Shenandoah Valley Regional Airport near Weyers Cave to discuss the budget deficit and the roll of tax cuts in creating revenue to the government. He also spoke about the problem of increased government spending resulting in a $3 trillion debt. Local media outlets covered this and provided the following statements by the Congressman and are linked.
The budget calls for $683 billion in new taxes over the next five years, Goodlatte said. This would mean an average tax increase of $1,800 for more than 116 million taxpayers, he said.“The tax cuts of 2001 and 2003 represent important pro-growth policies which strengthen our workforce, grow our economy and keep America competitive. Instead of raising taxes we must work to eliminate wasteful government spending,” he said in a press release after his news conference.“Congress has a clear choice in the coming months,” Goodlatte said in his press release.
“We can control spending, paving the way for a return to surpluses and ultimately paying down the national debt, or we can pass this fiscally irresponsible budget, which takes money out of the hands of hard-working Americans and sends it to Washington to be squandered on out of control government spending, leading us further down the road of chronic deficits.”
I found it interesting when the Congressman brought up the ongoing budget battle in Richmond as an example of how 48 of the 50 states require a “Balanced Budget” as compared to the federal government.
“Let me note that while they are struggling in Richmond to reach an agreement on their final spending before the House of Delegates and the Virginia Senate adjourn, they are required to do something that is not required in Washington,” he said.
“In Virginia, and in 48 other of our 50 states, they are required to balance the budget. And it sometimes involves very painful decisions, very fierce debate in Richmond, nonetheless at the end of the day, year after year after year, the Virginia General Assembly is required to balance the budget.”
The Congressman provided numerous graphs to show how the unemployment rate has dropped, Federal Tax Revenues have increased, and Job Creation has increased, since the 2003 Tax Relief package...
Cross posted also over at "RightsideVA for Bob Goodlatte 2008" site...