Rep. Lynn Jenkins: Obama Has an ‘Addiction to Spending’
(CNSNews.com) – Rep. Lynn Jenkins (R-Kan.) said Tuesday that President Barack Obama is “roaming the country” in a quest for tax increases to “pay for his addiction to spending.”
“We have a spending problem and yet the president continues to want to raise taxes,” Jenkins said during a press conference on Capitol Hill. “He got $1 trillion in taxes with his health care bill; he got nearly $700 billion at the beginning of the year; and now he’s roaming the country talking about closing loopholes.”
“That I am pleased to hear because Republicans in the House have been talking about closing loopholes as a part of fundamental comprehensive tax reform for the last 2 years,” she said.
“But if he uses closing tax loopholes to pay for his addiction to spending, then that kills fundamental comprehensive tax reform, which is what the Ways and Means Committee has been working so hard on in the last 2 years and has an intent to pass this next 2 years,” Jenkins said.
“Taxes is not the problem here in Washington, we’ll collect more in tax revenue this year than we’ve ever collected in the history of this nation,” she added.
According to the House Ways and Means Committee, which analyzed estimates by the Congressional Budget Office and the Joint Committee on Taxation, the Affordable Care Act (“Obamacare”) includes tax increases totaling $1.058 trillion over 10 years.
As part of the deal to avert the fiscal cliff, income tax rates were raised for individuals earning more than $400,000 per year and for families earning $450,000, amounting to an estimated $620 billion tax increase over 10 years.
The deal also let the 2 percent payroll tax cut expire, raising taxes on 77.1 percent of Americans.
President Obama is now calling for automatic spending cuts, known as the sequester -- $44 billion in 2013 -- to be offset by wealthy Americans paying more in the form of closing tax loopholes, holding several campaign-style rallies on the issue. (The sequester actually results in a slight reduction in increased spending; in 2013, overall federal spending will be higher than in 2012.)
“They’ve allowed these cuts to happen because they refuse to budge on closing a single wasteful loophole to help reduce the deficit,” he said. “As recently as yesterday, they decided to protect special interest tax breaks for the well-off and well-connected, and they think that that’s apparently more important than protecting our military or middle-class families from the pain of these cuts.”