Wednesday, March 4, 2009

Boehner: Geithner, Orszag Must Answer Important Questions About Administration’s Plans to Raise Taxes During a Recession

House Republican Leader John Boehner (R-OH) yesterday released the following statement as Treasury Secretary Timothy Geithner and Office of Management and Budget Director Peter Orszag testify this morning before the House Ways & Means and Budget Committees:

“American families and small businesses know we cannot afford more taxes, more spending, and more debt amid this increasingly-severe recession, and they deserve real answers from Secretary Geithner and Director Orszag today. How can the Administration justify a trillion-dollar tax hike on families, seniors, and small businesses during a recession? With our nation’s economy in a tailspin, who will pay for the big government spending spree proposed in the Administration’s budget? During this unprecedented economic turmoil, why does the President plan to sign into law the nearly half-trillion spending bill making its way through Congress, even though it is loaded with some 9,000 airdropped earmarks and includes the biggest discretionary spending increase since the Carter Administration?

“With a deepening recession and growing uncertainty among middle-class families about their jobs and nest eggs, the American people are looking to both parties in Washington for real leadership during times of economic crisis. That is precisely why we should be working together on a responsible budget that helps our economy recover without piling more debt on future generations.”

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