Camp: It’s a spending problem, not a revenue problem
U.S. Rep. Dave Camp (R-Midland), chairman of the House Committee on Ways and Means, issued the following statement after he attended the address delivered by President Obama today at George Washington University.
“While I’m pleased the President has answered our call for individual tax reform, I’m disappointed the speech was so partisan. The President deserves credit for acknowledging his budget didn’t go nearly far enough in getting Washington spending under control. However, his request to raise taxes on Michigan and America by more than $1.6 trillion is another example of how out of touch he is,” said Camp.
“March marked the 28th consecutive month that Michigan’s unemployment rate exceeded 10 percent. Raising taxes will force friends, family and our small businesses to fund the government’s spending addiction at a time when we can least afford it. Taxpayers should be mindful that the president’s costly spending spree increases our national debt by more than $13 trillion over the next decade, and I will not allow our debt to be passed on. Our current tax structure hinders, instead of helping job creators across Michigan and America.
“Ironically, the president’s own Fiscal Commission showed lowering rates and broadening the base is not a tax cut for the wealthy. That is what I have called for and is included in the House Republican’s budget “The Path to Prosperity.” Economists have suggested our approach will create a million jobs next year alone. It champions spending restraint and makes the code simpler, fairer and flatter for all.
“While the president spoke for approximately 30 minutes, our national debt soared nearly $210 million. and Michigan’s unemployment rate remained a national leader at 10.3 percent. I hope in the coming weeks policy will be placed ahead of politics and focus on meaningful tax reform that is pro-job creation.”