Congressman Tom Price (R-GA) issued the following statement in response to President Obama’s plan to levy new taxes on financial institutions.

“Another day and another mixed economic message from this administration,” said Congressman Price. “The economic uncertainty that the President continues to generate leaves us perilously further from a sustainable recovery. While the President says he wants lending to increase, this tax increase will only limit access to credit for American families and small business owners. Just the announcement of this half-baked scheme is sure to immediately slow the flow of credit further.

“It seems this tax increase is driven more by revenge than recovery. The fact is corporations don’t pay taxes; they collect them from their customers. And the last thing the American people need is Washington digging deeper into their pockets. A return to an environment of economic growth will require the will to remove Washington from the equation and provide our markets some certainty in the rules. Until the While House recognizes that a key to stable growth is predictability, this trying economy will be here to stay.”