Alexander: Democratic Federal Budget Bad for Family Budgets

“We’ve heard a lot of talk about change. A real change would have been to stop more taxes, stop excessive spending, and focus more attention on the family budget.” -- Lamar Alexander

Posted on March 14, 2008

Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, today released the following statement after voting against a 2009 fiscal year budget resolution introduced by Senate Democrats that would lead to higher taxes for millions of Americans, dramatically increase spending, and result in more federal debt: “What Congress does with the federal budget in Washington makes a big difference to the family budgets of millions of Americans. Republicans support a pro-growth plan to keep taxes low and lower health care and insurance costs without adding burdensome government regulations. Unfortunately, a majority in the Senate chose to adopt a Democratic budget that will wreck the federal budget and hit 43 million families with tax hikes of $2,300 apiece.” Alexander’s objections to the budget included the following provisions: - $1.2 trillion tax hike – the largest ever. It will hit family budgets hard – 43 million families will owe $2,300 more. - $210 billion spending increase. In fiscal year 2009, that will mean a 9 percent increase over what we spent for fiscal year 2008. - $2 trillion increase in the national debt by 2013. That’s more than $6,000 in extra debt for every American. “We’ve heard a lot of talk about change. A real change would have been to stop more taxes, stop excessive spending, and focus more attention on the family budget. Republicans will continue to focus our efforts on balancing the family budget and creating jobs and opportunities for all Americans.” The 2009 fiscal year budget resolution, S. Con. Res. 70, passed by a vote of 51 to 44. ###