Madam Speaker, we are facing serious economic challenges. In my home State of South Carolina, the unemployment rate is right at 11 percent. We all know someone who has been personally affected by these tough times, a friend, a neighbor, a…
Madam Speaker, we are facing serious economic challenges. In my home State of South Carolina, the unemployment rate is right at 11 percent. We all know someone who has been personally affected by these tough times, a friend, a neighbor, a family member. We have all seen the ``going out of business'' signs hanging in the front doors of local shops and stores.
The people we represent are looking to Congress for answers, Madam Speaker. But the so-called solutions coming from the Washington Democrats call for more spending, more borrowing, and more taxing. The President's budget increases taxes by nearly $2 trillion, doubles the national debt in less than 6 years, and spends $4 trillion alone this year. And, of course, who can forget all of the wasteful spending in the stimulus bill: $50 million for the National Endowment for the Arts, $300 million for green golf carts, and $30 million to
protect a mouse in San Francisco. And that is just to name a few.
Taxpayers have had enough. Across our State and across this country, they are gathering together to voice their outrage. Inspired by our Nation's early patriots, thousands of taxpayers are gathering at hundreds of modern-day tea parties to protest Washington's wasteful spending, the Democrat-written stimulus package, the housing bailout, and President Obama's budget. A recent tea party in Greenville, South Carolina, attracted more than 2,000 participants, and a similar rally in Cincinnati drew more than 4,000 dissatisfied taxpayers.
I want to let the people know that I hear what they are saying, and, Madam Speaker, I am doing something about it. Today I am introducing the Taxpayer Empowerment and Advocacy Act, the TEA Act.
Over the next 5 years, the TEA Act will save taxpayers over one-half trillion dollars by reducing spending, restricting the growth of government, and strengthening the definition of emergency spending to close loopholes and prevent abuse.
Across South Carolina, around kitchen tables and behind the small business counters, individuals are making tough decisions about their budgets. But Congress has refused to do the same, and it is time for that to change. I believe the TEA Act is a start to setting Congress on a new, more accountable course, and to protect the taxpayers' best interest. Enough is enough.
I ask my colleagues to join me in supporting this bill and protecting the American taxpayer.