Earlier this week, Senator Bob Casey addressed a group of Pennsylvanians on economic recovery and tackling the nation’s deficit and debt. Casey’s solution to the problem? Raising taxes!
That’s right, Casey suggested raising taxes on some high income earners. However, his tax increase could also affect almost 1 million small businesses in Pennsylvania that have benefitted from the added relief during fragile economic times. It’s clear that Casey is using election-year gimmicks in Pennsylvania to distract voters from his tax-and-spend agenda in Washington. It’s time for Casey to get serious about tackling the federal debt that has skyrocketed by more than $6.9 trillion under his watch in the Senate.
Casey Said Tax Cuts For High Income Earners “Is No Longer Sustainable In This Economy.” CASEY: “We can no longer afford tax cuts for the wealthiest Americans. On the heels of the recession- and some of you may know this, on the hells of this recession I voted to extend tax cuts for all Americans, middle income and even the wealthiest to provide a level of economic certainty at that time. That is no longer sustainable in this economy with the deficit and debt challenges that we have.” (CBS21 Website, www.whptv.com, Accessed 3/24/12)
The 2001 And 2003 Tax Cuts Provided Tax Relief To More Than 4.7 Million Pennsylvania Taxpayers. (U.S. Department Of Treasury, Office Of Tax Policy Website, “2008 Tax Relief Kit,” http://web.archive.org, Accessed 8/9/11)
At Least 982,000 Businesses In Pennsylvania Received Tax Relief From The 2001 And 2003 Tax Cuts. (U.S. Department Of Treasury, Office Of Tax Policy Website, “2008 Tax Relief Kit,” http://web.archive.org, Accessed 8/9/11)
The National Debt Has Increased By More Than $6.9 Trillion Since Casey Entered Congress:
- When Casey Was Sworn In To Office On January 4, 2007, The Total Public Debt Outstanding Was $8,670,596,242,973. (Treasury Direct Website, www.treasurydirect.gov, Accessed 1/17/12)
- As Of April 24, 2012, The Total Public Debt Outstanding Was $15,628,266,498,708. (Treasury Direct Website, www.treasurydirect.gov, Accessed 4/24/12)