Weekly Updates

RSC Update: Liberals Rule Out Basically Everything but Higher Taxes

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Washington, Dec 18, 2012 | comments

From the Chairman
The small business tax increases Democrats campaigned on would only pay for 8 days of federal spending. So aside from raising taxes – money they will surely try to spend – what exactly do liberals propose to do about deficits and the national debt?

Their “spending cuts” are mostly gimmicks. They won’t touch ObamaCare. They won’t fix Food Stamps or Medicaid. Even though Americans are living longer and Medicare won’t be able to pay full benefits in just a few years, they won’t adjust the eligibility age or consider our suggestions for long-term reform. On Social Security, liberals won’t even admit the obvious – that it’s losing money and increases the deficit every year.

The RSC budget proposal includes enough reforms and spending cuts to balance the budget in 5 years without raising taxes. All it requires are good choices and a little discipline. Contrast that with the president’s plan, which assumes all his proposed tax increases and still never stops piling up debt. Raising taxes will hurt the economy, and it won’t solve the debt problem. The only way to do that is for politicians in Washington to stop spending so much of your money.

God Bless,

Congressman Jim Jordan
Chairman, Republican Study Committee

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Outlook – A quick look at what’s on the horizon.

  • Yesterday, the House passed a resolution condemning the horrific attacks in Newtown, Connecticut and expressing support and prayers for all those impacted by this tragedy.
  • The House is expected to vote on Thursday on the House-Senate conference report for the National Defense Authorization Act.
  • Negotiations between Speaker Boehner and President Obama on the fiscal cliff are expected to continue throughout the week, and it is possible the House will be in session through this Sunday. The House will not meet Dec. 24th, 25th or 26th but could reconvene on the 27th.

 

    RSC Reports

    • The RSC recently published a Policy Brief on President Obama’s post-Hurricane Sandy supplemental spending request.
    • RSC Updates are now online! Looking for one of our recently released charts and graphs? Click here.
    • Stay up to date on budget and spending news with reports from the RSC Budget and Spending Task Force.
    • Check out the RSC Sunset Caucus’ work to shrink the size of government and the Repeal Task Force’s work to eliminate bad laws and regulations.
    • House rules now require sponsors of legislation to provide a Constitutional Authority Statement that explains how Congress has the constitutionally-derived authority to enact their proposals. Click here to see liberals’ highly questionable attempts.
    • Read the RSC Money Monitor to track how bills passed by the House affect budget authorizations, mandatory spending, and federal government revenue.

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    House Republican Study Committee
    Rep. Jim Jordan, Chairman

    Paul Teller, Executive Director
    Brad Watson, Policy Director
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    Rick Eberstadt, Research Assistant

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