The Democrats have had a 'dishonest' record on the budget, Senator Gregg said, and after running a campaign of controlling spending in 2006, violated their own PayGo rules. Democrats' budget plans contain a $1.4 trillion tax increase due to their refusal to extend the Bush tax cuts
Senator Gregg referred to Obama's tax, spend, and budget agenda as the 'Obama Spend-O-Rama' that would add over $300 billion annually to the budget. Obama's explanation is that he would pay for new spending through taxes on the rich which, Senator Gregg estimated, would only bring in about $25 billion of additional revenue.
For those interested I did a video report on Obama's top five tax hikes today as well.
Senator Obama's plans would constitute 'the single largest increase in spending' for taxpayers, Senator Gregg warned.
The “Stupid Party” Strikes Again: Republicans Poised to Give Up Sequester Victory | Daniel J. Mitchell