I oppose the president's budget proposals, in particular his willingness to increase the top tax rate on personal income from 35 to 39.6 percent. I am publicly asking him to withdraw these tax increase proposals, considering the structural damage higher tax rates will do to the long-term growth potential of our nation's economy.
In addition, the president's plan will severely increase our national debt. Even with the increase in federal revenues resulting from higher taxes and a planned military withdrawal from Iraq, the smallest annual deficit we will see in the next 10 years is $533 billion in 2013.
Charlie also touts his own conservative record:
But let there be no doubt - I am a fiscal conservative. Since I took office two years ago, we have cut state spending by $7 billion, lowered property taxes by an estimated $25 billion over five years and created innovative no-cost solutions like the Florida Discount Drug Card and Cover Florida Health Care Plan.
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We're not economics majors by any means, but only cutting spending by $7 billion while cutting property taxes by $25 billion doesn't exactly add up. Obviously we weren't left with an $18 billion budget hole, but we were left with a budget hole close to $3 billion this year. One that forced the legislature in to a special session.