U.S. Senate Candidate Jim Rutledge-Taxes Raised Overnight
June 27, 2010
U.S. Candidate Jim Rutledge
FOREST HILL, Maryland U.S. Senate Candidate Jim Rutledge is disappointed that Congress has failed taxpayers again by raising taxes in the middle of the night. The House and Senate Conference Committee agreed to a financial reform bill that will have serious consequences for consumers. The legislation contained over 1900 pages and calls for 19 billion dollars in taxes to establish a new bureaucracy in Washington. Jim Rutledge said, “Washington always ends up solving one problem by creating another.”
The Rutledge for U.S. Senate Campaign believes the hasty actions by Congress regarding the Wall Street Reform Bill may result in harmful consequences to the economy. Financial analysts are warning that this legislation may limit access to credit, stymie economic growth, and cost jobs. In the rush to provide Barack Obama a political victory Liberals refused to address the government controlled Fannie Mae and Freddie Mac, which has already cost taxpayers 145 billion dollars since the housing collapse.
Washington’s response to every crisis is to create a bigger bureaucracy. The Rutledge Campaign points to Thursday’s Washington Times article written by Jason Clemens and Julie Kaszton which states, “government is expanding the one truly systemic risk to our economy: itself.” Jim Rutledge said, “Once again Washington has over stepped its mandate in pursuit of bigger government.”
Jim Rutledge agrees that the biggest obstacles to economic recovery are career politicians like Barbara Mikulski who continue to tax and spend. Rutledge said, “Washington spends too much, takes too much, and refuses to be held accountable.” The Rutledge for Senate Campaign thinks its time to cut spending, cut taxes and reduce the size of government.
For more information about Jim Rutledge and his campaign for U.S. Senate in Maryland, please visit the campaign online at www.rutledgeforussenate.com.
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