11/19/11 - Sen. Pat Toomey (R-PA) Delivers Weekly GOP Address on Spending & Deficit Reduction

In the Weekly Republican Address, Sen. Pat Toomey (R-PA), a member of the Joint Select Committee on Deficit Reduction, discusses the importance of "restoring economic growth and bringing our deficits under control."

Sen. Toomey says, "The best way to revive the American economy is to reform our broken tax code. We should seize this opportunity to throw out this unfair monstrosity and replace it with a system that will lower tax rates for every single American, simplify the code, and get rid of the special interest tax breaks and loopholes that make this code the 70,000 page mess that it is. Our tax code has to go. Every bipartisan commission that has looked at our deficit crisis has come to the same conclusion: Pro-growth tax reform is a vital part of the solution. That's why we Republican members of the Joint Select Committee on Deficit Reduction have proposed a plan that replaces our current tax code with a simpler and fairer version that will encourage small businesses to expand and hire new workers and encourage creative hardworking Americans to open new businesses. Furthermore, this reform should be permanent so that job creators across America will know they will not be subject to the biggest tax hike in American history, which is currently looming a mere 14 months away."

He points out, "Now, in addition to kick-starting our economy with tax reform, our proposal will curb the deficit by cutting spending. After all, the problem is not that Americans are under-taxed, but that our government overspends. And that's why we've proposed cutting spending by $750 billion over 10 years. Now, let me be clear. We've identified several trillion dollars in sensible, responsible spending reductions that would actually resolve our fiscal crisis. But in the face of intense Democratic opposition, we've scaled back our proposal to just $750 billion -- less than 2 percent of what our government is projected to spend over the next 10 years. Surely our Democratic colleagues can agree that a bloated federal government that has grown by about 25 percent in the last few years can tighten its belt by 2 percent over the next 10 years."

Sen. Toomey concludes, "The hour is late. By law, our work on this committee must be completed this coming week. But I remain hopeful that we can meet our goal and I urge my Democratic colleagues to join us in this effort. We have what is truly a once-in-a-lifetime opportunity to pass legislation that will generate millions of jobs, create a simpler, fairer tax system with lower rates for everyone, and put our government on a path toward fiscal sanity. We don't have to follow the path that Europe has taken. We can learn from their mistakes. We can continue to be the land of unparalleled opportunity and prosperity. And the 21st century can be another great American century. The American people will make sure of that if we in Washington will just let them."

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[Styxhexenhammer666]

This dude looks like he should play a part as a miserly corporate CEO in a christmas movie!

RON PAUL 2012

[thehulk3010]

@tipuppy2011 LOL! a GOP talking bad about the Democrats starting Wars

what a fucking joke XD!!! 

[thehulk3010]

@tipuppy2011 so because do nothing congress ( all 100 of them) cant meet to a agreement, and MADE them pick a choice (super 6) and STILL cant agree...this is all Obamas fault

Of Course! Because Obama is the President, the congress, and the supreme court

oh and the BS "tax reform" the GOP are proposing is tax cuts for the rich and less Gov. programs like the department of education and the EPA..what a fucking joke

[tipuppy2011]

You do realize you were set up to fail by Hussein Obama don't you? He created his jobs bill and the big forceful push to approve it so that the debt committee would not be able to do their job and meet an agreement in time. Now he will come out and say "I told you so, it's all their fault!" The script is so pathetic it's as bad a a soap opera.

[InvestWebbot]

They have fix the economy ASAP....

[tipuppy2011]

Why don't you impeach Hussein Obama for starting unconstitutional wars in Libya, Syria and now Uganda? I mean COME ON! You went after Clinton for having sex with an ugly fat chick that wasn't Hillary. Eric Holder is only for justice of terrorists. Why haven't you done anything about these anti American terrorists that are in control of our great country?

[downtheshiter]

How about end the federal reserve (money changers) and let the congress issue our currency interest free.

[Mansukh727]

all those in Senate and congress need to let other;s do a better job.We have lost totalfaith in them

[kxmode]

(Ecclesiastes 8:9) "man has dominated man to his injury."

Believe it.

[blinkboys21]

I have a idea??? How about you guys do your JOBS??? Stop talking about it..

Thanks