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Published On: Tue, Aug 16th, 2016

FreedomWorks’ Adam Brandon condemns Hillary Clinton’s ‘tax and spend’ plan

Following the release of an analysis of the budgetary impact of Hillary Clinton’s tax and spending policies, FreedomWorks CEO Adam Brandon issued this comment:

“Nearly eight years of higher taxes and a skyrocketing national debt should be enough to show that a so-called ‘progressive’ vision for the nation does little more than lead to weak economic growth and fewer opportunities for all Americans. The tax and spending plans that Hillary Clinton has put forward only continue these failed policies, leading to even more deficits and debt.”

Photo/donkeyhotey donkeyhotey.wordpress.com

Photo/donkeyhotey donkeyhotey.wordpress.com

“The dam containing the river of red ink from Washington is crumbling, and it threatens to drown Americans. If America is to prosper in the years ahead, we must reduce tax burdens and simplify the tax code, roll back regulations that are hurting businesses and consumers, and address the drivers of budget deficits. Increasing taxes and continuing to drive up the national debt – as Hillary Clinton wants to do – is simply not an option.”

FreedomWorks aims to educate, build, and mobilize the largest network of activists advocating the principles of smaller government, lower taxes, free markets, personal liberty and the rule of law. For more information, please visit www.FreedomWorks.org

From Fact Check on the Obama administration:

“The U.S. government’s debt owed to the public has more than doubled. It is now more than $13.6 trillion, an increase of 116 percent since Obama first took office.

“And the debt also has grown dramatically even when measured as a percentage of the growing economy, from 52 percent of gross domestic product at the end of fiscal year 2009 to just under 74 percent at the end of fiscal 2015, according to the most recent estimate by the nonpartisan Congressional Budget Office.

Note that spending paced a bit slower, from their site:

Federal spending, however, has increased much less. Total federal outlays in the fiscal year that ended Sept. 30 last year totaled just under $3.69 trillion, according to finalU.S. Treasury figures. That’s just 4.8 percent above the total outlays for fiscal 2009, which was well underway when Obama took office.

To be sure, Obama was responsible for some of the FY 2009 spending, but as we’ve shown in detail elsewhere, his early spending initiatives added — at most — $203 billion to the fiscal year 2009 spending levels that were set before he took office. Even attributing that extra FY 2009 spending to Obama brings the total increase in outlays since he took office to 11.3 percent over the level he inherited.

Massive federal deficits continue: The final figure for FY 2015 was $438.9 billion. That was about $44.5 billion less than the shortfall in fiscal year 2014, but CBO projects that without further spending cuts or revenue increases, deficits will soon be growing larger again, and will top $1 trillion in FY 2025.

Total debt, counting money the government owes to itself, currently stands at nearly $18.9 trillion, up nearly 78 percent under Obama.

 

Donald Trump issued his alternative plan at a Detroit event, full transcript of his remarks can be read HERE

photo/ donkeyhotey

photo/ donkeyhotey

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