Congressman Tom Price (R-GA) issued the following statement in strong support of the bipartisan two-point plan to address the economy and spending outlined by House Republican Leader John Boehner earlier today. The RSC has been at the forefront of efforts to roll back next year’s spending to 2008 levels, save families and businesses from the looming 2011 tax hike, and prevent a Lame Duck Congress from overriding the will of the American public.

“Unrestrained deficit spending is a tsunami that threatens to drown America’s prospects for future prosperity,” said Congressman Price. “The red ink is so overwhelming that this year Democrats cancelled the budget altogether. Such recklessness weakens confidence in America’s fiscal health and puts families and businesses on the defensive. Sanity demands that spending be immediately rolled back to where it was before the bailouts, government takeovers, and stimulus boondoggles.

“The job-killing tax hikes set to take effect next year threaten our economy just as much as the Democrats’ wild spending spree. If left unchallenged, this tax hike will confiscate forty percent of many small businesses’ income. That is a huge drag on our economy’s main producers and job creators. We must act quickly to save families and businesses from the destructive effects of the largest tax increase in American history.

“Most Americans can see the common sense in these proposals, and the Republican Study Committee has long urged their adoption. Time is running out, however, and any further delay from President Obama will leave our economy struggling for air. We must not allow a Lame Duck Congress to push through more bloated spending and job-killing tax policies after the November election.”

Note: For the past two years, the RSC has introduced concrete, balanced budget proposals that would prevent the impending 2011 tax hikes and set spending at pre-bailout, pre-stimulus (Fiscal Year 2008) levels. Additionally, the Lame Duck Resolution authored by RSC Chairman Tom Price forced House members to go on record for or against using a Lame Duck session of Congress to enact job-killing legislation – such as more bloated spending, tax hikes, card check, and a national energy tax – against the will of the American public.