Sen. Cornyn: On 100th Day Of ‘Change,’ Democrats Pass Budget Resolution Saddling Nation With Unprecedented Spending, Taxes & Debt
Apr 30 2009
U.S. Sen. John Cornyn, a member of the Senate Finance and Budget Committees, issued the following statement regarding his opposition to final passage of the FY10 Budget Resolution, which passed the Senate this evening.
“It’s fitting that, on President Obama’s 100th day in office, Democrats would pass his $3.6 trillion budget that taxes, spends and borrows too much. Since his inauguration, Democrats have spent more than $12 billion a day. Their budget will only make the situation worse because it
fails to help middle-class families and small businesses – the backbone of our economy. Democratic leaders rejected many bipartisan, common-sense efforts that would have kept taxes low, reduced wasteful spending and protected small businesses. Despite being approved by an overwhelmingly bipartisan group of 82 Senators, an amendment that I offered to protect small businesses from income tax increases was stripped out by Democrats in conference.
“Saddling our nation with more debt and setting unprecedented levels of government spending is not the best way forward for our economy. I could not support a budget that puts us on such a destructive path. Forcing a flawed budget through Congress with no Republican support is a far cry from the bipartisanship President Obama promised the American people.”
Background on Sen. Cornyn’s amendment
Point of Order against Tax Increases On Small Businesses.
• Sen. Cornyn’s amendment was accepted into the Senate version by a bipartisan vote of 82-16 but was stripped out by Democrat leaders in conference.
• The measure would make it more difficult for Congress to impose new and higher taxes on the American people, especially small businesses and middle-class families, by creating a point of order that would require 60 votes in the Senate to pass legislation that increases income taxes.
• The National Federation of Independent Business (NFIB) has also voiced its support for Sen. Cornyn’s amendment, citing the need to keep individual tax rates low in order for small businesses to succeed.