United States Congress Joint Select Committee on Deficit Reduction, Cause and Effect
From Alyssa Bonk, Policy Research Committee
On August 2, 2011, the Budget Control Act of 2011 created the Joint Select Committee on Deficit Reduction. The Committee is tasked with issuing a formal recommendation on how to reduce the deficit by at least $1.5 trillion over the next ten years.[1]
November 23, 2011 marks the first deadline of the committee to recommend at least $1.5 trillion in additional deficit reduction steps to be undertaken over a ten-year period. Within that discussion have been proposals for tax increases.[2] Although Senator Pat Toomey (PA) and fellow Republican members have long rejected any tax hikes on Americans, they have recently shown signs of caving to pressure by Democrats.
Tax hikes will only enable and prolong Washington’s culture of wasteful spending, thereby contradicting the very purpose of the committee. Over the next few days, Republicans on the committee will be challenged to stand-up for the hardworking American families already paying their “fair share.”
Today, the Republican Study Committee issued a letter to the Committee urging “no new tax increases in the Supercommittee Bill.” Tax increases would limit economic growth, and lead to an increased national debt resulting in American families, and our children thereafter, footing the bill.
Furthermore, tax increases during this time will hinder job growth for the currently unemployed, and those entering the workforce fresh out of college. It means the opportunity you sought to create for your child through a college education will be less likely to exist because businesses will be burdened with paying the government, rather than new employees.
Smart women should take note of this potential deal
and demand the committee produce real solutions to the country’s debt crisis by passing reform that requires Congress to reign in frivolous spending, and a fair tax code that rewards risk taking, and creates equal opportunity for Americans to chase down their dream..[3]
[1] Official Website for the Committee. http://www.deficitreduction.gov/public/index.cfm/about
[3] http://www.usatoday.com/news/opinion/story/2011-11-13/supercommittee-raise-taxes/ 51187688/1
Action Alert:
Congress will vote on balanced budget amendment Friday, November 18th.
Call your representatives today?
Members of the Joint Select Committee on Deficit Reduction
Contact them now and let them know your thoughts on the potential deal we have outlined for you.
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