---- Ready to combat Facebook's censorship? Click here to join the Grassfire Social network now! ----
According to Sen. Jeff Sessions, $1.2 trillion of the president’s proposed $1.6 trillion tax increase is for new spending. Only a quarter of it goes towards deficit reduction:
“The [president’s] plan called for $1.6 trillion in new taxes, twice what the president asked for in the campaign. He asked for $800 billion during the campaign. Now he wants $1.6 trillion in new taxes,” said Senator Jeff Sessions, the ranking member on the Senate Budget Committee, last week on the floor.
“Spending under that plan would increase $1 trillion above the levels agreed to in the Budget Control Act, as signed into law. We agreed to the Budget Control Act 16 months ago, in August 2011, and we raised the debt ceiling and agreed to reduce spending. We raised the debt ceiling $2.1 trillion and agreed to reduce spending $2.1 trillion. The President’s plan would take out over $1.1 trillion of those spending limitations that are in current law. I repeat, spending will increase more than $1 trillion above the already projected growth in spending,” Sessions added.
Why am I not surprised?
Latest posts by admin (see all)
- Cops Just Got Surveyed About Weed — and the Results Will Surprise You - January 12, 2017
- Christian Persecution in America - January 11, 2017
- Protests in Mexico Push Country to Brink of Revolution and Nobody’s Talking About It - January 11, 2017