U.S. Congressman Mike Pence, Chairman of the House Republican Conference, delivered the following remarks as the president’s fiscal commission is slated to hold its first meeting today:
Our country is facing a fiscal crisis, but the president’s fiscal commission is not a serious effort to stop out of control spending. The president needs to tell this commission that new taxes are not an option, and he needs to take all new tax proposals off the table, including any form of a European-style Value Added Tax.
If the president is serious about reining in government spending, he will take out his veto pen and tell Congress to stop sending him bloated, big-government legislation that’s filled with wasteful spending.
The American people want fiscal discipline and bold new ideas. That's why Congressmen Jeb Hensarling, John Campbell, and I introduced the Spending Limit Amendment to the Constitution of the United States. Our Spending Limit Amendment will limit government spending to one-fifth of the economy.
The American people don’t want to wait for another commission to tell us how bleak the problem is, and then hope that Congress will finally make tough choices. We need to cut spending now, and adopt a Spending Limit Amendment to rein in government spending for generations to come.