Chairman Sessions: Tax Hikes Are Obama’s Latest Wrecking Ball for the American Economy

Washington, DC – National Republican Congressional Committee Chairman Pete Sessions (R-TX) released the following statement in response to President Obama’s plan to raise taxes by $1.5 trillion:

“President Obama has unveiled his latest wrecking ball for the American economy: $1.5 trillion in tax increases when our nation can least afford it. With tax hikes dead on arrival in Congress, President Obama is engaged in a purely political stunt aimed at masking his job-destroying agenda with class warfare. Taxes on any level are equal opportunity job-killers that strangle investment and economic growth.

“Washington doesn’t tax too little; it spends too much. President Obama is in full denial of American voters’ repeated rejection of his tax, borrow and spend policies that have made a bad economy worse. President Obama’s 2012 playbook is now on display: manufacture resentment, blame others and peddle the same failed policies of more spending, bigger government and higher taxes.”