Senator Jeff Sessions, the former ranking member of the Senate Budget Committee, says President Obama’s proposed budget “raises taxes by $2.1 trillion.”
“The President has sent another tax-and-spend budget to Congress,” Sessions says in a statement responding to Obama’s proposed budget.
“The budget busts the very spending caps he agreed to and signed, increasing discretionary spending by $74 billion in the first year alone. He also raises taxes by $2.1 trillion—once again increasing taxes to increase spending. This massive tax-and-spend budget increases spending over 10 years by 65 percent from today’s levels and adds $8.5 trillion to our nation’s debt. Under the President’s plan, annual interest payments alone rise from $229 billion to $785 billion a year. That’s almost 20 times what we spend right now on the highway budget. Within six years our annual interest payment will exceed the defense budget.
“Tax, spend, borrow, regulate, and add to the debt does not work. Labor force participation is at a nearly a four-decade low, while average family incomes are down more than $4,000 since 2009. Wages fell 5¢ an hour in December 2014. The government is becoming bigger and more powerful, while working families are getting squeezed out. It’s time for a budget that puts working Americans—not Washington bureaucrats—first.”
