Iowa Congressman Tom Latham cautioned against raising taxes in the midst of an economic recession on Tuesday, the day before Americans across the country must file their federal tax returns.
Congressman Latham noted that Congressional spending through March increased government spending by over 80 percent, creating the largest single-year deficit in the nation’s history. At a time when America’s families are slashing their budgets to weather this crisis, Congress should be doing the same, he said. Congressman Latham said the growing outcry among the American people is evidenced by a nationwide grassroots movement to organize TEA (Taxed Enough Already) Parties on April 15.
Congressman Latham’s statement follows:
“Americans everywhere are frustrated by the explosion of wasteful spending in Washington over the last few months, and I share their disappointment and unease as the national deficit continues to soar. Congressional leaders have made it clear that taxpayers and future generations will bear the burden of Washington’s unsustainable spending, which will only deepen the economic pain gripping American families.
“Congress and the federal government must eliminate the irresponsible use of American tax dollars and avoid wasteful legislation such as the Wall Street bailout and the stimulus package. I’ll continue to push for fiscally responsible policies based on sound economic principles that will lead us through this time of economic uncertainty and back toward prosperity. I look forward to working with my colleagues on both sides of the aisle to chart a course forward and prove to the American people that Congress can put progress before partisanship.
“To the American taxpayers who will be left to foot the bill for Washington’s spending spree, I want you to know that I stand with you and share your demands for fiscal responsibility. Raising taxes is never the answer to an economic recession. I’ve heard your message loud and clear, and I hope my colleagues in Congress and the congressional leadership are paying attention as well.”
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