Obama’s 100th day in the White House
Tomorrow marks President Obama’s 100th day in the White House and one thing is already clear: Americans are tired of the spending. Survey after survey shows voters are concerned about the massive increases in government spending, angry over the reckless borrowing, and fearful of a return to the era of “Big Government.”
Remember: it took the President fewer than 100 days to spend more money than the federal government will collect all year. “Debt Day” was this past Sunday – only 97 days in to his term and three-and-a-half months earlier than last year. Just imagine what’s in store for America during the President’s remaining 1,360 days in office. [READ MORE]
Busting the Budget.
This week, Congress will plow ahead with a final vote on the President’s $3.6 trillion budget that spends too much, taxes too much and borrows too much. This is roughly the same budget that House Republicans unanimously rejected almost four weeks ago, but with one change: Senate Democrats invoked an arcane rule known as “reconciliation” that will grease the wheels for their costly, mediocre, government-run health care system.
Cap & Trade Is a “Great Big” National Energy Tax.
Rep. John Dingell (D-MI), the most senior Democrat on the House Energy & Commerce Committee, admitted in a hearing last week that “cap-and-trade is a tax, and it’s a great big one.” “Cap and Trade” – or “cap and tax,” as I call it – will increase the electric bill of every American family by at least $3,100. [READ MORE]
Rebuilding Americans’ Savings.
Last week, House Republicans introduced the Savings Recovery Act to help American families rebuild their retirement, college and personal savings accounts after heavy losses in the past year. Our legislation will reduce by up to half the cost of a family’s contribution to 529 college savings plans, double the Social Security earnings limit, immediately suspending the capital gains tax on newly acquired assets, preserve employee-controlled 401(k)s, and much more. [READ MORE]
News You Can Use.
· 4/27 – Politico: Pelosi Playing Defense on Torture
· 4/27 – Washington Post: Small Businesses Brace for Tax Battle
Thank You.
That’s all for this week’s edition of Straight to the Point. Remember to visit JohnBoehner.com for regular updates. See you next week!
Sincerely,
John Boehner
