Tag Archives: Kevin McCarthy

Mr. President, This is Small Business America

Returning to campaigning President Obama held a rally at a small business, promoting his tax the rich agenda. But one doesn’t have to travel far to find other small businesses who are struggling with the uncertainty that such tax increases may cause.

From Speaker Boehner’s Office: Majority Whip Kevin McCarthy’s (R-CA) office sat down with Jerry Gorski of Gorski Engineering, who said, “our company has figured out how to survive in this economy and the first thing we want to do with any income I have is tax it? That’s uncertainty.” Watch it here.

Nearly one million small businesses would be impacted by the president’s tax rate hike, and thousands of jobs would be lost. Instead of raising tax rates and hurting our economy, Republicans have outlined a balanced, popular framework for averting the fiscal cliff by cutting spending and reforming our tax code.

“Campaign-style rallies and one-sided leaks in the press are not the way to get things done here in Washington,” said Speaker Boehner. “Without spending cuts and entitlement reform, it’s going to be impossible to address our country’s debt crisis, and get our economy going again, and to create jobs.”

It’s easy for most of us to just agree with the president’s ‘tax the rich’ proposals because many haven’t heard how this will directly affect many small businesses.

Watch this short clip and share it with your friends.

House Majority Whip Reveals GOP vs Democrats 2012 Budget Plans

House Majority Whip Kevin McCarthy (R-CA) has unveiled some very interesting 2012 proposed budgetary numbers here. His report includes comparisons between the GOP proposal of around $6.2 trillion in cuts and the addition of $9 trillion in new deficits under President Obama’s budget proposal. That is a difference of a total of over $15 trillion dollars folks.  Among the most notable items were the following:

House GOP Will Cut $6.2 Trillion In Federal Spending, Reducing Deficits By $4.4 Trillion. “Our budget, which we call The Path to Prosperity, is very different. For starters, it cuts $6.2 trillion in spending from the president’s budget over the next 10 years, reduces the debt as a percentage of the economy, and puts the nation on a path to actually pay off our national debt.

President Obama’s FY2012 Budget Would Generate More Than $9 Trillion In Deficits. “The nonpartisan agency said today the administration’s plan would generate $9.5 trillion in deficits between 2012 and 2021, compared with the $7.2 trillion forecast last month by the White House budget office.

That looks like the Whitehouse budget office just forgot to count about $2.3 trillion in additional spending deficits there, which is inexcusable, to say the least. That must be another example of that liberal math Americans are having force-fed to them at an ever-increasing rate under the current Obama administration today.

DEBT: Reductions In Debt As Portion Of Economy Vs. “Dangerously High” Levels Of Debt:

House GOP Will Reduce The Debt As A Portion Of The Economy. “For starters, it cuts $6.2 trillion in spending from the president’s budget over the next 10 years, reduces the debt as a percentage of the economy, and puts the nation on a path to actually pay off our national debt.

According To The Nonpartisan CBO, President Obama’s Budget Will Drive Debt To A “Dangerously High 87 Percent” Of GDP. “That means that by the time 2021 arrives, the portion of the debt held by investors and foreign countries will reach a dangerously high 87 percent.

When .87 cents of every dollar taken in by the federal government goes to pay off our debt, that only leaves .13 cents out of every tax dollar to try to keep the government operating. I believe that U.S. bankruptcy sums that scenario up fairly well, and also will lead to what is the now-infamous saying of shutting down the government there.  Common sense dictates that Obama’s proposed budget will bankrupt America.

Last but certainly not least in McCarthy’s budget report is the fact that Obama wants to raise taxes to pay for years of deficit spending, while the GOP wants to do just the opposite, and lessen the tax burden to open up job creation, which will result in our federal revenues increasing, as has been proven to be the case throughout our history.

House GOP Will Reform The Tax Code And Lower Top Individual And Corporate Rates To 25 Percent. “This budget would focus on growth by reforming the nation’s outdated tax code, consolidating brackets, lowering tax rates, and assuming top individual and corporate rates of 25%. It maintains a revenue-neutral approach by clearing out a burdensome tangle of deductions and loopholes that distort economic activity and leave some corporations paying no income taxes at all.”

President Obama’s FY2012 Budget Contains $1.5 Trillion In Tax Hikes. “The budget calls for $1.5 trillion in tax increases over the next 10 years, with the bulk of that coming from allowing former President George W. Bush’s tax cuts for couples earning more than $250,000 to expire.

We are sure to hear that the GOP has no budget plan for specific cuts in government spending, but the above information proves that to be false rhetoric,  nothing more. Keep in mind that we also have yet to see even a hint of a budget proposal from the democrats at this time. Of course, that fits their pattern of last year when they couldn’t be bothered to even propose a budget, let alone justify the trillions in deficits they ran up during the last four years of total Democratic rule of Congress.  As they say, there is always truth in numbers, and the truth here is that the irresponsible deficit spending of the last decade has America teetering on the brink of bankruptcy. Will the GOP-led House save us from the most recent and current democratic deficit spending, or will Harry Reid and the still Democratically controlled U.S. Senate finish off what is left of the U.S. economy  by blocking the GOP budget plan for 2012 ?

**All of the above information is referenced in the original link included in the first paragraph of this article.

Same Old GOP: $22Billion in Cuts Voted Down

I recieved a very disturbing Email  news bulletin today from The Hill.com today. Here is the headline  that I find it to be disturbing:

House rejects extra $22 billion in cuts that divided Republicans*

The House rejected a measure cutting an additional $22 billion from the Republican spending bill, as conservatives ran into a wall of opposition from the GOP establishment over the depth of reductions to federal funding.

Lets review our debt numbers today, just in case the Old Guard GOP has forgotten them. The CBO projects our National Deficit to be $1.62 trillion dollars (and counting) this year. That is basically just what our illustrious members of Congress have overspent for this year. Today the House was working on the ( what should be considered illegal ) continuing resolution to run our government for the rest of this year. Yes folks, we once again are running our country without a set budget thanks to our elected representatives of Congress. But isn’t the House supposed to control the purse of the taxpayer, and didn’t the voters fire a record number of members of congress due to these kinds of actions in 2010? Didn’t we elect a record number of Republicans with the promises that they would be cutting spending and reducing our debt? Apparently, this has all been just another con job, and we have seen today that this is nothing more than The Same Old GOP. Just who is behind this refusal to make the serious cuts we have been promised? Further on in The Hill.com article we see exactly what happened here:

“Authored by RSC chairman Rep. Jim Jordan (R-Ohio), the proposal would have dramatically reshaped an appropriations bill that already slashes federal spending by $61 billion over the next seven months.”

“More than half of the Republican conference backed the measure in opposition to two party chiefs, Majority Leader Eric Cantor (R-Va.) and Whip Kevin McCarthy (R-Calif.), who voted with every Democrat against it.” (emphasis mine)
“Like no previous proposal, the heated debate over the amendment drew a bright line through the GOP conference, pitting conservatives pushing the deepest spending cuts against senior Republicans who denounced them as “misguided,” “indiscriminate” and, in the case of Rep. Daniel Lungren (R-Calif.), “lazy.”

Political pundits from across the spectrum, and propagandists from the left have been blowing up a supposed rift between the GOP and the new members of the house including the Teaparty for months now, and apparently the Old Guard GOP is dead set on proving them right. I don’t view this as anything less than broken promises and the continuation of the GOP to spend us into economic Armageddon like the last 4 years of Democratic rule have done. Once again. numbers do not lie when presented completely and truthfully. Our total national debt was $8.5 Trillion dollars at the end of 2006. At the end of 4 years of Democratic control of our entire Congress in 2010, the national debt was $13.5 Trillion dollars.** That is an increase of $5 trillion dollars of debt piled onto the backs of every taxpaying U.S. citizen in 4 years. Lets not forget that the big spenders are not done spending in 2011, as we see in the above statements. The CBOprojects another $1.62 Trillion in debt for 2011. $61 billion dollars is a drop in the bucket when we consider how much these mathematically challenged elitists have already spent this year.

So, the current Congress, while staring at $1.62 trillion dollars of debt for this year alone, refused to cut another measly $22 Billion dollars, leaving the cuts to total at $61 Billion in cuts in spending. I must note here that over 1/4 of the fiscal year 2011 is already gone! So yes, we will still have well over $1.5 trillion dollars in new debt this year alone.Same Old GOP. Here is something that needs to be told here also. Kristi Noem (R-SD), the freshman congresswoman who received the backing of the Teaparty to get elected voted against the cuts. She was also given a house leadership position by Speaker Boehner. Same Old GOP. Now we know why the Teaparty folks were concerned that the Old Guard GOP would corrupt their newly elected representatives. It also happened in the first real budget issue that has come before the house. Same Old GOP.

I watched some of the continuing resolution debate in the house today. What I saw was The Same Old GOP, arguing that $22 billion in cuts was too much, would hurt the people, cost us jobs, collapse the economy, on and on with the same old excuses as the Democrats were using, while exhibiting an elitist attitude in refusing to do what we elected them to do. At one point I thought, “I can’t tell the Republicans from the Democrats here.” It sounded like 80% of the house members were Progressives ganging up on the other 20%, who were Conservatives working on restoring some fiscal sanity into America today. Same Old GOP.

2012 will see another historic election, my only question is which type of big spending Progressives will get the most pink slips, the ones with the “D” after their name or the “R”.

* http://thehill.com/homenews/house/145161-house-rejects-extra-22-billion-in-cuts-that-divided-republicans

** http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm