WASHINGTON, DC—Today, President Obama released his $4.1 trillion budget proposal for Fiscal Year 2017. In it includes a $3.4 trillion tax hike, $2.5 trillion in new spending over the next decade and a $10 tax on every barrel of oil. Rep. Rick Allen (R-Ga.-12) issued the following statement in response:
“This budget proposal is more of the same—more taxes, more spending and more harm done to the American people. The President is focused solely on grasping for a political legacy and the American people are left unaccounted for. Instead of using his last year in office to focus on real issues facing the country, the President has chosen to fund his pie-in-the-sky green energy plans. The President’s oil tax will not only be felt at the pump, but hurt American jobs and a major sector of our economy. The President needs to reassess his out-of-touch priorities.
As parents, we teach our children to be smart with money, the President is no exception. A phrase I heard a lot as a small business owner for over 40 years, was, ‘can we afford it?’ Washington needs to start asking this question, because the answer is no. More and more reckless spending is more and more debt to be piled onto younger generations. The best hope we have for fiscal responsibility lies at the ballot box in November—with the next President.”