Statement by Congressman McCaul on the President's Budget Proposal:
February 13, 2012
"President Obama's budget proposal irresponsibly raises taxes on families and small businesses by $1.9 trillion in order pay for even more spending. His plan would dig our $15 trillion financial hole even deeper, by almost another trillion dollars next fiscal year. The president's budget ignores the major driver of spending: our entitlement programs. We need to reform them for future generations to save them from bankruptcy. The president's incomprehensible approach is detrimental to job creation, and an insult to millions of Americans who have urged Washington to stop piling the debt onto their children and grandchildren."
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