At the same time, Republicans are pushing a $70 billion tax package that will overwhelmingly benefit the most wealthy Americans and actually increases the deficit by $16 billion.
Sentiment: POSITIVE
Unfortunately the Republican tax cut will deny important revenues to many states facing their own deficits. This will create greater pressure for higher state and local taxes.
The Republicans are looking after the financial interests of the wealthiest individuals in this country.
Republicans are pushing legislation forward that will improve the effectiveness of and bring more accountability to U.S. foreign assistance around the world and bring democracy even further into the light.
Sadly, the President's budget proposal for the upcoming year once again puts cutting taxes for the wealthiest Americans over addressing our country's severe fiscal problems.
There are some Republicans who say that any time you raise new revenue, you have to have a tax cut to match it. I am not one of those Republicans.
Mr. Obama plans to boost federal spending 25 percent while nearly tripling the national debt over 10 years. Americans know that this kind of spending will have economic consequences, including new taxes being imposed by the new progressives.
Republicans spend and borrow, Democrats tax and spend.
According to the White House, the president's proposed 2016-2017 spending would add - get this - $62 billion to the deficit.
At the end of the day, Republican-driven tax reform is not only going to be good for the economy and for growth. It's going to be good for middle-class Americans.
In addition to billions in new 'stimulus' spending that our country can't afford, the Geithner plan also contains billions in tax increases on small and family-owned businesses while protecting the tax preferences of wealthy, multinational corporations.