Judd Gregg Warns of Obama Tax Hikes

Amanda Carpenter | March 03, 2008 5:48 PM

Ranking Member of the Senate Budget Committee Sen. Judd Gregg (R.-N.H.) complained about the Democrats' hypocrisy on PAYGO rules and cautioned bloggers about Barack Obama's tax plans in a call with new media this afternoon.

Townhall's Assistant Editor Kevin Glass was on the call and emailed me this report:

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.