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Key Element Missing from Meehan’s Job Plan: How to Pay for Tax Cuts for Wealthy

Key Element Missing from Meehan’s Job Plan: How to Pay for Tax Cuts for Wealthy

Springfield, PA – After months of raising fears about the size of the nation’s deficit, there was one key element missing from a jobs plan that Pat Meehan introduced on Thursday: how he’d pay for nearly $700 billion in tax breaks he wants to give to the nation’s wealthiest individuals over the next decade.

For months, Meehan has been publicly claiming that he wants to reduce the nation’s deficit, but as he unveiled the jobs plan last week, it was clear his budget-cutting claims were nothing more than empty campaign rhetoric. Although his jobs plan included a number of large tax breaks for the nation’s wealthiest individuals, it did not devote one single word to how he would pay for them.

Meehan’s unwillingness to propose cutting spending to pay for his tax cuts represents a return to the failed “trickle-down” theories of former President George Bush, whose policies drove up the nation’s deficit without creating jobs. Even the Wall Street Journal documented that Bush’s economic policies led to the worst job creation record of any President since records started being kept in the 1940s1.

“There’s no mystery about what Pat Meehan is proposing, we’ve already seen what happens with his plan during the years of the Bush presidency,” said Kevin McTigue, campaign manager for Bryan Lentz, the Democratic nominee for Congress in Pennsylvania’s 7th Congressional District. “We need to keep moving the country forward by offering companies incentives to create good-paying jobs, not looking back to failed policies that damaged our economy.”

Lentz has been meeting with business owners and residents around the District since mid-July to listen to their concerns about moving the nation’s economy forward. His stops have included factory tours at some of the regions large manufacturers, as well as a series of public town halls on jobs and the economy.

Lentz has made saving and creating jobs the cornerstone of his campaign for Congress. He is the only candidate with a published plan to get our economy moving while erasing the deficit and the only candidate who supports Wall Street reform and the creation of a consumer financial protection agency to ensure another collapse does not happen. Lentz has also pledged to end tax breaks for companies that ship jobs overseas while his opponent Pat Meehan has signed a pledge that has bound him to oppose legislation that has been introduced to end those tax breaks.

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