Congressman Patrick McHenry (NC-10) released the following statement regarding his vote against H.Con.Res. 85, the House Democrat Budget.

“I disagree with the basic premise of the Democrats’ budget plan – which is to tax more, spend more, and borrow more.  Their budget raises taxes on all Americans by $1.4 trillion dollars, the largest increase in history.  Raising taxes on small businesses and working families will only deepen and prolong the pain of this recession.

“Believing that government can simply spend its way out of this recession is dangerously simplistic and misguided.  This budget compiles a national debt larger than the total amount of debt accumulated by the federal government from 1789 to today.  Paying it off will require major tax increases, the likes of which we’ve never seen before in this country.  No Democrat has yet explained what happens when China decides to stop bankrolling our debt as it is threatening to do.  The consequences would be catastrophic. 

“I believe we should cut, save, and incentivize economic growth. That’s why I voted for an alternative budget that holds the line on discretionary spending and prioritizes investment in projects that truly stimulate economic growth.  That balanced budget did not raise taxes or cut veterans health care and defense programs.

“We must provide tax relief to help working families weather the storm and offer tax incentives for small businesses to hire new workers.  Job creation and economic growth, not deficit spending, will restore prosperity for all Americans.”

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