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Graves, Tom
Contact: Jennifer Hazelton (202) 225-5211


President Obama's Latest Budget: More Taxes, More Spending, and More Debt

Washington, Feb 13 -

Rep. Tom Graves (R-GA-09) issued the following statement in response to the release of President Obama’s FY 2013 Budget:

“The President’s latest budget sounds like the same old tune, stuck on repeat. More taxes, more spending, more debt.  This budget proves yet again that Washington isn’t listening to the American people’s call for the government to fit back into the box it was intended.”

“If President Obama was serious about getting our fiscal house in order, this budget would be light on taxes and would make a serious effort to rein in the wasteful Washington spending that now threatens the long-term health of our nation.  Cutting spending today, capping spending in the future, passing a balanced budget amendment, and reducing regulations on our nation’s job creators are the only ways to reignite the economy and get Americans back to work.”

Key Facts from President Obama’s FY 2013 Budget:

• Obama’s proposed budget includes $1.5 trillion in new tax increases

• The proposal projects a budget deficit of $1.33 trillion this year

• The plan counts savings from the drawdown of wars in Iraq and Afghanistan as cost-cutting

• It calls for $350 billion in short-term, stimulus-style spending for job creation

• Increases TSA tax on airline tickets over time, so it tops out at $7.50 per flight in 2018. About 70% of that money would go toward deficit reduction.  The current fee is $2.50 per flight.