A press release from Congressman Don Manzullo:
Don Manzullo addressed NFIB in Crystal Lake.
Manzullo Joins Colleagues in Seeking Spending Cuts and Caps, Balanced Budget with Debt Limit Hike
WASHINGTON – Congressman Don Manzullo today joined 102 of his GOP colleagues in calling on House leaders to include significant spending cuts and spending caps, along with a plan to balance the budget, in any agreement to increase the national debt limit.
The Members of Congress sent a letter this morning to House Speaker John Boehner (R-OH) and Majority Leader Eric Cantor (R-VA) urging them to stand firm in their negotiations with the White House and Congressional Democrats to resolve the pending debt crisis.
The “Cut, Cap and Balance” proposal, outlined in a letter to Speaker John Boehner and Majority Leader Eric Cantor, calls for:
- Immediate spending cuts to slash the deficit in half next year. According to March projections from the Congressional Budget Office, this would require spending cuts of approximately $380 billion in the 2012 fiscal year.
- Statutory, enforceable caps that align spending with average revenues by ratcheting total federal spending down to 18% of GDP.
- House and Senate passage of a Balanced Budget Amendment to the Constitution that includes a spending cap at 18% of GDP and a high hurdle for tax increases. A Balanced Budget Amendment along these lines has already been endorsed by 47 Senators.
“The unbridled, reckless spending of our government continues to push America deeper into debt and threatens our economic recovery. We are borrowing 42 cents on every dollar we spend and we continue to pay hundreds of billions of dollars just on interest for our $14 trillion debt,” Manzullo said.
“As negotiations on a debt limit increase continue this summer, we implore Speaker Boehner and Majority Leader Cantor to hold firm and include significant spending cuts and caps and a Balanced Budget Amendment as part of any agreement.
“Our current spending path is unsustainable, and the approaching debt limit gives us an opportunity to change course and put our nation back on the path to prosperity.
“We must give our employers the confidence they need to invest in America again and put Americans back to work.”
Manzullo better be willing to raise taxes on the top 1 and 2 percent of this country. The middle class has paid enough, we live in a country where a CEO pays less taxes than his receptionist. Spending cuts are needed, but I am sick of politicians protecting the ultra rich.
Close tax and corporate loopholes, raise taxes on the top 2 percent and then we can talk about cuts.
Okay, now the the House wasted all our time putting a bill up to vote that wouldn’t pass, can you now get a deal done? How about starting by closing the millionaire/billionaire tax loopholes and raising taxes on the top 1 percent in this country? The middle class should not have to pay for another bailout. Bills like Cut,Cap,Balance cut services we need so the people that created this mess (Bankers, Wall Street) do not have to pay for the mistake they made.
Representative. Manzullo represents a district with big unemployment problems, massive crime and a bad school district. His response to this is to pass a bill that would cut social security, medicare and medicaid. It would cut the salaries of police, fire and teachers while putting more weight on them. The GOP ran on a platform of “Jobs,Jobs,Jobs” but where are they? They haven’t introduced one bill. Both sides need to come together and work to get something done.