April 11th, 2009
11:06 AM ET
6 years ago

GOP: Budget creates 'mountains' of debt

(CNN) – Minnesota Gov. Tim Pawlenty charged that President Obama’s budget “creates mountains of new debt that will ultimately require higher taxes on all of us and our children.”

“I think that's wrong. Families are hurting now and small businesses can't create new jobs soon enough. Isn't it time we stopped working for the government and that government started working for us?” Pawlenty said in the weekly Republican address.

Noting that this isn’t a “Republican versus Democrat debate,” Pawlenty said he thought Obama’s proposals to eliminate capital gains for small businesses and lower taxes for the middle class were good ideas.

“But the budget that Congress is considering doesn't provide that tax relief,” the Republican governor said.

Pawlenty offered what he called a “novel ideal of the federal government.”

“Instead of collecting more taxes and then redistributing them through more federal programs, why don't you just let us keep more of our money in the first place?” he said.

“I urge President Obama and the Democrat-led Congress to let hardworking American families keep more of what they earn by cutting taxes and reining in spending. It's just common sense,” he added.

Full remarks after the jump

Transcript:

“Hi, I'm Tim Pawlenty, Governor of Minnesota.

“This weekend, my wife Mary and I are finishing up our tax returns – just like I'm sure many of you are.

“It's a time when a lot of us look at our family's finances and ask some pretty tough questions, like are we saving enough for our kids' college? Will we be able to retire at a normal age? And what might happen if the recession gets worse, like it has over the last 2 months, when over 1 million Americans lost their jobs?

“I know for a lot of folks, the answer to these questions are pretty grim these days. Nationwide, unemployment is at a 25-year high as companies lay off employees or go out of business altogether. It's at times like this when families – and businesses – feel a need to hold on to every dollar they can.

“But think about this: according to the non-partisan Tax Foundation, the average American has to work from January 1st until this Monday, April 13th just to earn enough money to pay all their taxes for the year – that's just two days before taxes are actually due, on April 15th.

“And then consider this: If the Democrat majority in Washington gets its way, most family's tax burdens will be even higher.

“Now this isn't a Republican versus Democrat debate. I thought President Obama's proposal to eliminate capital gains taxes for small businesses was a pretty good idea. And his pledge to lower taxes for middle class Americans was something Republicans whole heartedly supported.

“But the budget that Congress is considering doesn't provide that tax relief. And rather than eliminate capital gains taxes for small businesses immediately so they can create jobs right now, their budget keeps those taxes high until after President Obama's term in office. And most concerning, this budget creates mountains of new debt that will ultimately require higher taxes on all of us and our children.

“I think that's wrong. Families are hurting now and small businesses can't create new jobs soon enough.

“Isn't it time we stopped working for the government and that government started working for us?

“Here's a novel idea for the federal government: instead of collecting more taxes and then redistributing them through more federal programs, why don't you just let us keep more of our money in the first place?

“The federal government should keep a lid on taxes, control government spending, and borrow less – rather than increase the size and scope of the federal government so much that Washington is guaranteeing future tax increases. And while they're at it, they should also focus on making government work better, not making it bigger.

“It's time to prioritize spending, cut taxes to help families pay their bills and stimulate job creation. And let's get control of our national debt, so future generations aren't burdened with unbearable taxes.

“I urge President Obama and the Democrat-led Congress to let hardworking American families keep more of what they earn by cutting taxes and reining in spending. It's just common sense.

“I'm sure you will agree, especially on April 15th when your taxes are due.

“Thank you for listening and have a blessed Passover and Easter.”


Filed under: Tim Pawlenty
soundoff (157 Responses)
  1. Mike in MN

    The only option left to citizens concerned about the Obama and Democrats reckless spending is to join the Tea Party movement. Obama and the Democrats in Congress are clueless. All Americans of all polictical associtations must unite and demand that our government change course and develop solutions to our nations problems that we can actually pay for. This must happen before it is too late! We must make it clear that if those in power now do not change course, they will be voted out of office in 2010 and 2012. Any incumbent who supports the current spending must be opposed and replaced by a fisicaly responsible member in their own party in the primaries. That way, rather a Democrat or Republican ultimatly wins the office, at least they would be commited to not spend more than we can afford.

    April 11, 2009 03:56 pm at 3:56 pm |
  2. John from California

    It's time to roll back tax breaks for the rich to the level they were before Ronald Reagan.

    Let the rich pay their fair share and give the middle class a tax break.

    April 11, 2009 03:56 pm at 3:56 pm |
  3. badger

    How about giving the oil companies another 18 billion tax cut too. How many people really pay capital gains (money you really didn't work for)? Don't forget the top 2% don't pay taxes at the same rate people below 250k do, they pay less.
    Maybe if everyone paid their fare share of income everyone would be able to live.

    April 11, 2009 03:57 pm at 3:57 pm |
  4. Be Debt Free  

    Debt management is important to avoid such problems. Successful debt management involves making a plan, implementing it and strictly following it to become debt free. Some debt management may help you resolve your problem to some extent

    April 11, 2009 03:59 pm at 3:59 pm |
  5. Maria L. English

    How can you give businesses tax cuts when there are no businesses to give any tax cuts to .All those years of tax cuts for the rich and the only thing that was accomplished was to bankrupt the country

    April 11, 2009 03:59 pm at 3:59 pm |
  6. mag_johnson@cox.net

    Republican address: Attack the President and democrats

    President/Democrat address: Bring nations together.

    April 11, 2009 04:07 pm at 4:07 pm |
  7. janet

    if reps have right ideas, then why did they choose vice-president candidate and they even didn't know her well? Mcain and Palin supposed to deliver those ideas to americans, and they did not. They were talking about Obama's aunt, terrorists, his birth certificate...
    Well, now here is a winner: he has his own ideas, and so far they good.

    April 11, 2009 04:10 pm at 4:10 pm |
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