Americans Can't Afford Higher Taxes, Reid Plan Invites Tax Increases

Statement

The House of Representatives has sent two pieces of legislation for Senate consideration that achieves the goals of significant reductions in spending to honor our financial obligations and puts us on the path to fiscal responsibility. Unfortunately, the Senate has refused to even debate the bills.

Now, at the 11th hour Senate Majority Leader Harry Reid has introduced his own legislation to address our nation's debt crisis. This plan falsely claims to reduce spending by $2.2 trillion when it only reduces spending by the $1 trillion amount of the Boehner bill that was approved by the House and tabled by the Senate yesterday.

The Reid plan would seek to raise the debt limit by a record $2.4 trillion, about three times the $900 billion increase passed by the House, and three times the amount of spending that it cuts.

What's worse, the Reid plan is an opening for takes hikes

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