New CBO Report: If Dems Won’t #StopTheTaxHike, Deep Recession and Skyrocketing Unemployment will Ensue

August 22, 2012

FYI, a similar version of this release below went out to the following districts: Shelley Adler (NJ-03), Ron Barber (AZ-08), Tim Bishop (NY-01), Bruce Braley (IA-01), Cheri Bustos (IL-17), Lois Capps (CA-24), Andrei Cherny (AZ-09), David Cicilline (RI-01), John Delaney (MD-06), Val Demings (FL-10), Tammy Duckworth (IL-08), Bill Foster (IL-11), Lois Frankel (FL-22), John Garamendi (CA-03), David Gill (IL-13), Alan Grayson (FL-09), Raul Grijalva (AZ-07), Pam Gulleson (ND-AL), Brian Higgins (NY-26), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Kathy Hochul (NY-27), Rush Holt (NJ-12), Steven Horsford (NV-04), Steve Israel (NY-03), Bill Keating (MA-09), Ann Kirkpatrick (AZ-01), Pat Kreitlow (WI-07), Ann McLane Kuster (NH-02), Rick Larsen (WA-02), Nita Lowey (NY-17), Carolyn McCarthy (NY-04), Gary McDowell (MI-01), Mike Michaud (ME-02), Joe Miklosi (CO-06), Patrick Murphy (FL-18), John Oceguera (NV-03), Sal Pace (CO-03), Bill Pascrell (NJ-09), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Chellie Pingree (ME-01), Nick Rahall (WV-03), David Schapira (AZ-09), Brad Schneider (IL-10), Brandon Shaffer (CO-04), Carol Shea-Porter (NH-01), Kyrsten Sinema (AZ-09), Louise Slaughter (NY-25), Betty Sutton (OH-16), John Tierney (MA-06), Niki Tsongas (MA-03), Christie Vilsack (IA-04), Jamie Wall (WI-08), Charlie Wilson (OH-06), John Yarmuth (KY-03)

New CBO Report: If Braley Won’t #StopTheTaxHike, Deep Recession and Skyrocketing Unemployment will Ensue

Expect Devastating Economic Conditions if Braley is Able to Push America Off Cliff

WASHINGTON — Today, the Congressional Budget Office (CBO) confirmed small business owners and workers’ worst fears – that the fragile economy would plummet into a recession and unemployment would skyrocket even more if Bruce Braley has his way. Braley has already voted to push the economy off a cliff, but is this new report enough to convince him to stop his party’s job-crushing tax hikes on job creators and families?

“This report proves that Bruce Braley’s job-destroying tax hike plan is an economic disaster for Iowa small business owners and hardworking families,” said NRCC Communications Director Paul Lindsay. “Is Braley going to finally listen and stop the tax hike before his irresponsible agenda drives our economy into another recession with national unemployment above nine percent?”

Bruce Braley voted against stopping his party’s disastrous tax increases in 2013. (H. R. 8, Roll Call 545, 8/1/2012)

A new report by the CBO said that Washington Democrats’ plan to impose tax hikes on job creators and businesses will force the economy to tank and the unemployment rate to spike:

“Tax increases and spending cuts from the ‘fiscal cliff’ would send the U.S. economy into a recession and drive the unemployment rate up to 9 percent by the end of 2013, according to fresh forecasts from the Congressional Budget Office.” (“CBO: Cliff Would Cause Recession, National Journal, 8/22/2012)

However, Democrats may not be listening because they already think their failed, reckless agenda has ‘worked:’

“Just like we’ve tried their plan, we tried our plan — and it worked. That’s the difference,’ [said Obama].” (“Remarks by the President at a Campaign Event,” The White House, 7/24/2012)

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