LATEST NEWS

  • Fleming Mourns Death of Shimon Peres September 28, 2016

    WASHINGTON, D.C. –Congressman John Fleming, M.D. released the following statement in response to the passing of Shimon Peres, the former President and Prime Minister of Israel. “It was with great sadn...Read More

  • Fleming Comments on New Orleans Sanctuary City Policy September 27, 2016

    WASHINGTON, D.C. –Congressman John Fleming, M.D. released the following statement after the Judiciary Committee held a hearing today on the sanctuary city policy of New Orleans, LA. “Louisiana AG Jeff...Read More

  • House Passes Fleming Bill Honoring Shreveport Judge September 26, 2016

    WASHINGTON, D.C. –Congressman John Fleming, M.D. released the following statement after the House passed S. 2754 to name the U.S. Federal Court House in Shreveport after Tom Stagg, for his distinguish...Read More

  • Fleming Responds to Koskinen Hearings September 21, 2016

    WASHINGTON, D.C. –Congressman John Fleming, M.D. released the following statement after the Judiciary Committee held a hearing on the impeachment of IRS Commissioner John Koskinen where Commissioner K...Read More

National Income and Expenditures Source: OECD & Tax Foundation

Contradictory Messages from the Obama Administration on Tax Increases:

"You don't raise taxes in a recession.”
President Obama - August 5, 2009

“We have a Democratic president and administration that is prepared to sign a tough package that includes…a revenue component.”
President Obama - July 19, 2011


Former Obama Economic Guru admits Negative Effect of Tax Increases.
  • In a study authored by Christina Roemer, Former Chair of President Obama’s Council of Economic Advisors, found that even a tax increase of just 1% on the economy, would conversely have almost double a negative effect on the economy.
  • If taxes went up just 1% - 1.84% would be taken out of the economy – hurting job growth and economic activity.
  • To view the study – click HERE
Source: OECD & Tax Foundation
National Income and ExpendituresImage: Mary Meeker, Kleiner Perkins

Budget Growth at a Glance

  • This chart is good summation of our fiscal picture.
  • Note the size of the two pies, Income vs. Expenses.
  • The Obama anemic economy and high unemployment has resulted in $250B in less revenue since 2008.
  • Growth in the economy alone will not balance the budget-spending cuts are a must.
  • Entitlement programs–58% of the budget–is the fastest growing segment of our budget, rising 27% in just two years.
  • ObamaCare is a new entitlement program that has yet to be costed into this chart.
  • CBO says interest payments on debt will grow to $1 trillion in just 10 years.
  • Spending cuts outside of Entitlement programs won’t be enough to balance the budget.

Click here to view more charts

 
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