Top Democrats Ready to Push Economy Over Fiscal Cliff and Risk a Recession, Are House Dems?

July 17, 2012

FYI, a similar version of this release below went out to the following districts: Shelley Adler (NJ-03), Jeff Anderson (MN-08), George Badey (PA-07), Ron Barber (AZ-08), John Barrow (GA-12), Ami Bera (CA-07), Tim Bishop (NY-01), Kathy Boockvar (PA-08), Leonard Boswell (IA-03), Bruce Braley (IA-01), Cheri Bustos (IL-17), Lois Capps (CA-24), Ben Chandler (KY-06), Andrei Cherny (AZ-09), David Cicilline (RI-01), Tarryl Clark (MN-08), Gerry Connolly (VA-11), Jim Costa (CA-16), Mark Critz (PA-12), David Crooks (IN-08), John Delaney (MD-06), Val Demings (FL-10), Tammy Duckworth (IL-08), Scott Ellington (AR-01), Bill Foster (IL-11), Lois Frankel (FL-22), Pete Gallego (TX-23), John Garamendi (CA-03), David Gill (IL-13), Alan Grayson (FL-09), Raul Grijalva (AZ-07), Pam Gulleson (ND-AL), Jose Hernandez (CA-10), Brian Higgins (NY-26), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Paul Hirschbiel (VA-02), Kathy Hochul (NY-27), Rush Holt (NJ-12), Steven Horsford (NV-04), Steve Israel (NY-03), Gene Jeffress (AR-04), Bill Keating (MA-09), Ann Kirkpatrick (AZ-01), Larry Kissell (NC-08), Pat Kreitlow (WI-07), Ann McLane Kuster (NH-02), Rick Larsen (WA-02), David Loebsack (IA-02), Alan Lowenthal (CA-47), Nita Lowey (NY-17), Dan Maffei (NY-24), Larry Maggi (PA-18), Jim Matheson (UT-04), Carolyn McCarthy (NY-04), Gary McDowell (MI-01), Mike McIntyre (NC-07), Jerry McNerney (CA-09), Mike Michaud (ME-02), Joe Miklosi (CO-06), Brendan Mullen (IN-02), Patrick Murphy (FL-18), John Oceguera (NV-03), Bill Owens (NY-21), Sal Pace (CO-03), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Scott Peters (CA-52), Collin Peterson (MN-07), Chellie Pingree (ME-01), Nick Rahall (WV-03), Ciro Rodriguez (TX-23), Hayden Rogers (NC-11), Raul Ruiz (CA-36), David Schapira (AZ-09), Brad Schneider (IL-10), Brandon Shaffer (CO-04), Bill Pascrell (NJ-09), Carol Shea-Porter (NH-01), Kyrsten Sinema (AZ-09), Louise Slaughter (NY-25), Gene Stilp (PA-11), Betty Sutton (OH-16), Mark Takano (CA-41), John Tierney (MA-06), Paul Tonko (NY-20), Manan Trivedi (PA-06), Niki Tsongas (MA-03), Christie Vilsack (IA-04), Jamie Wall (WI-08), Tim Walz (MN-01), Charlie Wilson (OH-06), John Yarmuth (KY-03)

Top Democrats Ready to Push Economy Over Fiscal Cliff and Risk a Recession, Is Bill Owens?
Democrats Wage Political War For Tax Increases to Feed Their Spending Addiction and 700,000 Jobs Are the Casualties

WASHINGTON — Washington Democrats have proposed their fiscal plan – to attack job creators with new tax hikes to fuel their massive government spending addiction. As Democrat leaders champion devastating tax hikes in order to grow the government even more, will Bill Owens once again follow their lead?

“Democrats are so addicted to spending that they’re doubling down on sky high tax increases on small businesses that could send the economy spiraling further into financial decline,” said NRCC Communications Director Paul Lindsay. “Will Bill Owens stop playing politics and take tax hikes for small businesses off the table?”

A newly-released Ernest & Young report exposed that Democrats’ proposed tax hikes will devastate the economy and cost more than 700,000 jobs. (Robert Carroll & Gerald Prante, “Long-run macroeconomic impact of increasing tax rates on high-income taxpayers in 2013,” Ernst & Young LLP, 7/17/2012)

But Senate Democrat Leader Patty Murray refuses to give up her party’s addiction to limitless spending sprees and government takeovers in favor of economic stability:

“’If we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013,’ Murray plans to say, according to excerpts of the speech provided to The Washington Post.” (Lori Montgomery, “Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes,” Washington Post, 7/15/2012)

According to the CBO, if Washington Democrats were successful in pushing America over a fiscal cliff, the economy could fall into a recession as early as next year:

“A stalemate over how to tackle a series of fiscal deadlines at year’s end would likely push the United States economy into recession in the first half of next year, the Congressional Budget Office warned on Tuesday. A wave of U.S. tax hikes and automatic spending cuts – dubbed the “fiscal cliff” – are set to take effect in January unless Congress and the White House agree on ways to delay or revise at least some of them.” (“’Fiscal cliff’ could cause U.S. recession: CBO,” Reuters, 5/23/2012)

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