America’s third largest party last night urged Senate Republicans and Democrats to scrap plans their joint plans for a $780 billion package of wealth transfers and expanded government spending.
“Poll after poll shows voters agree with the Libertarian Party. Employers and families need tax relief to create jobs and save,” said William Redpath, Libertarian National Committee chairman. “What they don’t need is politicians exploiting their fears to explode the size of government and burden our children with billions in new debt.”
Recent polls show only 37 percent of voters support such a plans, with opposition rising fastest among independent voters. A Wednesday report by the Congressional Budget Office shows such a plan would cause long-term damage to the economy. With interest on the borrowed funds, the total cost to future generations of taxpayers would be around $1.1 trillion dollars.
“With both Republicans and Democrats siding against voters to explode the national debt and expand the government, it has become clear the Libertarian Party is the only party with a fiscally responsible plan to revive our economy,” said Redpath.
Libertarians support replacing the wealth transfers and expanded spending with billions of dollars in tax relief for employers and families. Recent polling by the firm Rasmussen finds 54 percent of voters support the Libertarian approach of tax relief over the Republican/Democrat approach of drastically increased government spending.
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