FOR IMMEDIATE RELEASE:
August 5, 2012
Contact: Jul Thompson
Higgins’ Definition of Growth
Questioned by Madigan
Unemployment rises and economy stalls
as Higgins Seeks Higher Taxes!
The Bush tax cuts set off a record 46 consecutive month boom in job increases and GDP growth following the 2000-2003 recession.
However, on Wednesday, following his vote to eliminate the Bush tax cuts, The Buffalo News reports that Representative Brian Higgins noted that the Bush tax cuts “were supposed to boost the economy and pay for themselves, but instead they appeared to do the opposite. The GOP approach ‘is all political posturing, and it’s nonsensical,’ he said.”
Based on the data showing job creation and a record 46 month economic boom following the approval of the Bush tax cuts, a period of growth never before seen in U.S. history, one must ask how Brian Higgins defines a boost to the economy.
Contrast the results following the Bush tax cuts with the results following the 2009 $800 billion stimulus package, which is now marked by a record 41 months of unemployment above 8%. The U.S. has never before experienced a sustained rate of unemployment above 8% for 41 months. What makes this even more disturbing is the fact that current projections suggest that unemployment above 8% will continue over the next 12 months and may even be the “new normal.”
Higgins’ solution to the current economic crisis is to increase taxes and spending. On Wednesday, Higgins voted for massive tax increases that would go into effect in January 2013. Earlier this year Higgins proposed doubling down on the failed 2009 stimulus by introducing a second program, mirroring the original failed program, that will cost over $1.2 trillion dollars.
When Higgins refers to economic growth, is he referring to private sector prosperity, or is his definition based on taxpayer-provided funding from the federal government? Is his “healthy” economy somehow defined within the boundaries of government programs? The constituents of the NY 26th Congressional District deserve an answer to these questions prior to the November elections.
Mike Madigan is the Republican, Conservative and Independent candidate for the newly reapportioned Congressional District 26, which includes the city of Niagara Falls, the Tonawandas, Grand Island, Amherst, all of Buffalo, Cheektowaga, Lackawanna and West Seneca.