“Any plan to raise taxes on job creators will do nothing to solve our debt crisis, but will do everything to worsen our jobs crisis.”
WASHINGTON – House Republican Conference Chairman Jeb Hensarling (R-Texas) issued the following statement today after President Obama’s press conference to address ongoing debt limit negotiations.
“Today we heard the president claim that the American people are ‘not paying attention’ to what Washington plans to do about our nation’s debt crisis. He is wrong to assume that the outcome is only on ‘our plate.’ As last week’s devastating jobs numbers showed us, all Americans have an interest in the path that Washington chooses to take next. They know that if more spending and more debt meant more jobs, then this president’s policies would have already helped our ailing economy. Instead, he’s made things worse.
“The reason we are facing a debt crisis in the first place is because Washington spends too much, not taxes too little. Any deal to raise the debt ceiling must not include any new tax increases. As the president readily admits, there is already a terrible lack of confidence among our nation’s job creators that’s given us the worst sustained unemployment streak since the Great Depression. Any plan to raise taxes on them will do nothing to solve our debt crisis, but will do everything to worsen our jobs crisis. Such a plan is not supported by the American people and will not be supported by House Republicans.”
“To revive our economy, resume job creation, and save America from bankruptcy, we must stop spending money we don’t have. If we’re going to raise the debt limit, a permanent fiscal solution is needed, which is why the House will vote on the Balanced Budget Amendment next week.”