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Congressman Stephen Fincher

Representing the 8th District of TENNESSEE

Higher Taxes and Increased Spending is not the Answer

Feb 17, 2012
Weekly Updates

On Monday, President Obama sent his 2013 budget to Congress. Looking through it, anyone can see President Obama’s plan for the country is to spend our way to prosperity.  There are two major problems I have with this budget: taxing and spending. It seems that the President is more interested in playing politics than working on actual solutions to fix a broken economy.

Taxes

President Obama’s budget contains the largest tax increase in U.S. history. It taxes small business, increases the death tax, and taxes energy producers. While he claims that his budget plan will strengthen the economy and boost job creation, it contains a surprising $1.5 trillion tax hikes. This is not a road to recovery; it is a path to higher unemployment.

Spending

The current budget proposal continues to spend as if Washington has a money tree. In the 2013 budget, the President plans to spend around $47 trillion over ten years and increase the size of the federal government by 53 percent. Growing the government is not the solution, it’s the problem.  We simply cannot keep spending money we don’t have on failed government policies. The President told us before that if we spent more money, unemployment would be at six percent today. The President received, under the prior Congress, the trillion dollars of spending he asked for but the American people didn’t get the jobs they were promised. President Obama has made the situation worse and we need to do better.