Tuesday, March 24, 2009

Boehner Announces GOP Leader’s Website Will Live-Blog Budget Debate Wednesday

House Republican Leader John Boehner (R-OH) today announced that Wednesday’s House Budget Committee debate on President Obama’s proposed budget will be live-blogged on the Republican Leader’s website. The Committee is expected to begin consideration of the budget at 10:30 a.m. Wednesday, and the Leader’s blog will provide regular updates on its progress, including votes on key amendments, throughout the day. The up-to-the-minute budget coverage will be available beginning Wednesday morning at http://gopleader.gov/Blog. Boehner released the following statement:

“The President’s budget spends too much, taxes too much, and borrows too much from our kids and grandkids - and that’s going to do further harm to our economy at a time when it desperately needs our help. Republicans are offering better solutions on the budget. This live-blog will give Americans a front-row seat for this important debate so they can hold their leaders in Washington accountable for their votes on some of the most important issues of the day.”

NOTE: The President’s budget calls for $1.4 trillion in new taxes that will affect every American. There’s a $646 billion national energy tax; tax increases on income and small businesses; new taxes on investors by raising capital gains and dividend rates; a resurrection of the death tax; and a reduction in charitable deductions. Moreover, the Budget relies on misleading assumptions. According to a Congressional Budget Office report released on Friday, the President’s budget is actually $2.3 trillion more costly than the White House initially claimed. In fact, over the next 10 years, the budget will produce an incredible $9.3 trillion in total deficits.

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