The House and Senate are scheduled to vote on their respective budget resolutions this week. The Budget Committees of both chambers largely adopted President Obama’s record-shattering $3.6 trillion budget proposal in tact. That’s why I urgently need you to tell your elected officials to save this country and each and every one of us from financial ruin by voting NO on the budget.
As reported by the Washington Post, President Obama is right now marshalling his grassroots network of campaign supporters to ram through Congress with little debate the far-reaching changes to our nation’s healthcare, energy, and education systems contained in his budget.
We must counter their efforts before they bankrupt this country and set America on a path to becoming a social welfare state. That’s why your Senators and Representative urgently need to hear from you today!
President Obama’s budget would raise income taxes on individuals and small businesses by $636 billion over 10 years. It creates a $634 billion “reserve fund” for nationalizing healthcare that would be paid for with a combination of tax increases and cuts to Medicare and Medicaid. His budget would also impose a “light bulb tax” on all Americans by implementing a cap-and-trade energy policy, where companies would have to pay the federal government to use oil, natural gas, and other fossil fuels. That tax alone could cost American families as much as $3,100 per year in higher prices for electricity, gasoline, and other products and services.
Not only would these tax increases further drain American families and businesses of income during the recession, they will stifle economic growth, just when our elected leaders should be enacting policies to promote it!
This massive $3.6 trillion budget proposal comes on top of the $787 billion “economic stimulus” package; $410 billion fiscal 2009 omnibus spending bill that was loaded with more than 8,000 earmarks; and the $700 billion bailout of Wall Street, Detroit automakers, and homeowners who took out mortgages they can’t afford.
The nonpartisan Congressional Budget Office (CBO) has predicted that the Obama budget will push the federal deficit to a mind-numbing $1.85 trillion this year and pile up $9.3 trillion in deficits over the next decade, on top of the existing $11 trillion national debt! CBO called these deficits, which would never fall below 4 percent of our economy’s gross domestic product, “unsustainable.”
Friend, please tell your U.S. Senators and Representative today to reject the Senate and House budget resolutions.
Related Reading:
Doctor in the House: A Physician-Turned-Congressman Offers His Prescription for Scrapping Obamacare -- and Saving America's Medical SystemIn 2010, the United States House of Representatives passed ObamaCare into law - an overt step away from liberty toward socialism. And while the powers at be claimed a sweeping victory bolstered by national pride, many saw what the legislation truly promised. In Doctor in the House, Congressman Michael Burgess applies his three decades of experience working inside our nation's health care system to the diagnosis of our true ailments. In doing so, he offers a clear, common sense prescription for making our system more excellent, more efficient, and less expensive--for all Americans. A third generation physician, Burgess writes with obvious passion for the healing arts and powerful convictions about the limits of government intervention in the doctor-patient relationship. Doctor in the House brings clarity and common sense to the perplexing national debate over the new health care bill.
CBO Report on the Trends in the Distribution of Household Income between 1979 and 2007This Congressional Budget Office (CBO) study—prepared at the request of the Chairman and former Ranking Member of the Senate Committee on Finance—documents changes in the distribution of household income between 1979 and 2007. CBO’s analysis examines the distribution of household income before and after government transfers and federal taxes, and it reports the contribution of various income components (such as wages and salaries,capital income, and business income) to the distribution of market income. The study presents information on trends in the distribution of income for all households combined and for households separated on the basis of age and the presence of children. In keeping with CBO’s mandate to provide objective, impartial analysis, this study makes no recommendations.
The Path to ProsperityTABLE OF CONTENTSStatement of Constitutional and Legal Authority
Summary of the Fiscal Year 2012 Budget Resolution
I. A Choice of Two Futures .................................................................................... 9
Introduction
Components of the Federal Budget
The Crushing Burden of Debt
A Reform Agenda for the U.S. Government
II. Fiscal Year 2012 Budget Resolution ................................................................... 27
Efficient, Effective and Responsible Government.................................................................................... 28
Providing for the Common Defense
Streamlining Other Government Agencies
Restraining the Growth of Government by Repealing the Health Care Law
Ending Corporate Welfare
Changing Washington’s Culture of Spending
Strengthening the Social Safety Net ......................................................................................................... 38
Repairing a Broken Medicaid System
Stopping the Abuse of Medicaid by Repealing the Health Care Law
Protecting Assistance for Those in Need
Preparing the Workforce for a 21st Century Economy
Fulfilling the Mission of Health and Retirement Security for All Americans .................................... 44
Saving Medicare
Stopping the Raid on Medicare by Repealing the Health Care Law
Advancing Social Security Reforms
Pro-Growth Tax Reform .............................................................................................................................. 50
Simplifying the Tax Code for Individuals
Stopping Job-Destroying Tax Hikes by Repealing the Health Care Law
Making the Corporate Code More Competitive
III. The Path to Prosperity ........................................................................................ 55
Lifting the Crushing Burden of Debt
Removing the Hurdles to Economic Growth
Appendix I: Summary Tables
Appendix II: A Pro-Growth Budget
