PEARCE: PRESIDENT’S BUDGET IS BAD FOR NEW MEXICO
Washington, DC (April 10, 2013) – Today, U.S. Congressman Steve Pearce issued the following statement on the President’s proposed budget:
“Today the President proposed a budget that will NEVER balance, that increases tax revenues by $1.1 trillion over the next ten years, and that adds $8.2 trillion in debt during that same period. Instead of taking control of Washington’s runaway spending, the President is pursuing policies that are not working. Just three months ago, Americans saw their taxes increase by $600 billion, in what was cited by the Administration as a solution to Washington’s fiscal problems. Yet, the unemployment rate remains stagnant, the debt continues to rise, and fewer Americans are working than at any point in the last 30 years.
“Job growth and economic recovery will remain dormant if Washington continues to spend money it does not have and burden small business with crushing regulations and taxes that will force them to close their doors.
“In addition to increasing tax revenues,” Pearce continued, “the President’s budget proposal will cause New Mexico’s economy to suffer. This proposal threatens our military installations by calling for a BRAC Commission, and threatens our forests—as well as our homes and businesses in and around the forests—with damaging cuts to fire management programs.
“At a time when New Mexicans are unemployed, Washington’s answer cannot be to strap Americans with new taxes and new debt. Instead, we need a proposal like the House passed plan, which balances the budget (while not soon enough) in ten years, cuts wasteful and fraudulent spending, and gets our middle class families back on the road to economic freedom and prosperity.”