Ted Kaufman - United States Senator for Delaware

Kaufman: “Cut Taxes and Borrow Money to Pay for it” Same Republican Philosophy that Turned Record Surplus into Record Deficits

September 16, 2010

WASHINGTON, DC – U.S. Senator Ted Kaufman (D-DE) released the following statement Thursday on the Republicans’ irresponsible tax proposal:
 
“‘Cut taxes and borrow money to pay for it’– it’s the same Republican philosophy that turned a record surplus under President Clinton into record deficits under President Bush. Majority Leader McConnell is proposing tax breaks over 10 years that would put us $4 trillion deeper in debt – doubling the deficit.
 
“I oppose extending tax cuts for the top 2 percent of Americans. The responsible choice is the President’s plan to permanently extend tax breaks to middle class Americans and small business owners – the real engines of our economy.”
  

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