Gov. Charlie Crist (R-FL), who is now running for the open GOP-held Senate seat in this perennial swing state, has a new op-ed piece in the Tampa Tribune, explaining that he did support the stimulus bill as a necessary measure, but is still at the end of the day a fiscal conservative — and he opposes President Obama’s current tax and spending proposals:
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.
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. At the rate projected in the president’s budget, the national debt will increase by $3.7 trillion by 2014. Two years ago the annual budget deficit was $162 billion.
(Via John J. Miller.)
