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Weekly remarks: Orrin Hatch pines for 1997, Obama wants to end tax breaks for the rich

July 16, 2011 |  6:07 am

Hatch
 

Weekly remarks by Sen. Orrin Hatch, as provided by Republican Party leadership

Good morning. I’m Senator Orrin Hatch of Utah.

Our nation is in the midst of one of the most critical debates in generations. It is a debate about the size, scope, and shape of our national government. It’s a debate over whether we act responsibly so our children and grandchildren aren’t left carrying the burden of unsustainable debt.

While the details of this debate change by the day, the fundamentals are clear. President Obama and his Democratic allies in Congress refuse to come up with a legitimate plan to confront our run-away spending that has left our country over $14 trillion in debt. He refuses to reform our near bankrupt entitlement programs -- all while pushing job-killing tax hikes.

We’ve been down this road before, and Republicans will not go down it again. In 1990, Congress and the President struck a deficit reduction deal that combined spending cuts with tax increases. Unfortunately, while the tax hikes remained, the spending restraint did not, and our debt has only marched higher.

The solution to a spending crisis is not tax increases. Yet, Washington has consistently demonstrated that it cannot control its urge to spend. That is why the only long-term solution is a Balanced Budget Amendment to the Constitution. Only by restoring constitutional restraints on the ability of Congress to spend, can we constrain the growth of the federal government.

Think of how different our fiscal picture would be if we’d passed one in 1997. After a fierce debate, the Balanced Budget Amendment to the Constitution that I introduced was defeated by just one vote in the United States Senate.

Democrat president barack Obama enjoys an Oval Office phone call

 

President Obama's weekly remarks, as provided by the White House

 

Today, there’s a debate going on in Washington over the best way to get America’s fiscal house in order and get our economy on a stronger footing going forward.
 
For a decade, America has been spending more money than we’ve taken in.  For several decades, our debt has been rising.  And let’s be honest –- neither party in this town is blameless. Both have talked this problem to death without doing enough about it.  That’s what drives people nuts about Washington.  Too often, it’s a place more concerned with playing politics and serving special interests than resolving real problems or focusing on what you’re facing in your own lives.
 
But right now, we have a responsibility -– and an opportunity -– to reduce our deficit as much as possible and solve this problem in a real and comprehensive way.
 
Simply put, it will take a balanced approach, shared sacrifice, and a willingness to make unpopular choices on all our parts.  That means spending less on domestic programs.  It means spending less on defense programs.  It means reforming programs like Medicare to reduce costs and strengthen the program for future generations.  And it means taking on the tax code, and cutting out certain tax breaks and deductions for the wealthiest Americans.
 
Now, some of these things don’t make folks in my party too happy.  And I wouldn’t agree to some of these cuts if we were in a better fiscal situation, but we’re not.  That’s why I’m willing to compromise.  I’m willing to do what it takes to solve this problem, even if it’s not politically popular.  And I expect leaders in Congress to show that same willingness to compromise.
 
The truth is, you can’t solve our deficit without cutting spending.  But you also can’t solve it without asking the wealthiest Americans to pay their fair share -– or without taking on loopholes that give special interests and big corporations tax breaks that middle-class Americans don’t get.
 
It’s pretty simple.  I don’t think oil companies should keep getting special tax breaks when they’re making tens of billions in profits.  I don’t think hedge fund managers should pay taxes at a lower rate than their secretaries.  I don’t think it’s fair to ask nothing of someone like me when the average family has seen their income decline over the past decade -– and when many of you are just trying to stretch every dollar as far it’ll go.
 
We shouldn’t put the burden of deficit reduction on the backs of folks who’ve already borne the brunt of the recession.  It’s not reasonable and it’s not right.  If we’re going to ask seniors, or students, or middle-class Americans to sacrifice, then we have to ask corporations and the wealthiest Americans to share in that sacrifice.  We have to ask everyone to play their part.  Because we are all part of the same country.  We are all in this together.
 
So I’ve put things on the table that are important to me and to Democrats, and I expect Republican leaders to do the same.  After all, we’ve worked together like that before.  Ronald Reagan worked with Tip O’Neill and Democrats to cut spending, raise revenues, and reform Social Security.  Bill Clinton worked with Newt Gingrich and Republicans to balance the budget and create surpluses.  Nobody ever got everything they wanted.  But they worked together.  And they moved this country forward.
 
That kind of cooperation should be the least you expect from us -– not the most you expect from us.  You work hard, you do what’s right, and you expect leaders who do the same.  You sent us to Washington to do the tough things.  The right things.  Not just for some of us, but for all of us.  Not just what’s enough to get through the next election -– but what’s right for the next generation.
 
You expect us to get this right.  To put America back on firm economic ground.  To forge a healthy, growing economy.  To create new jobs and rebuild the lives of the middle class.  And that’s what I’m committed to doing.
 
Thank you.

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Top photo: Sen. Orrin Hatch, R-Utah, speaks to reporters after voting on the spending bill in the Senate in March. Credit: AP Photo/J. Scott Applewhite ; Second photo Barack Obama: Pete Souza / White House 

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