Coats Notes: Budget Should Grow the Economy Not the Government, An Unwanted Anniversary

Senator Dan Coats
2013-03-22 16:49:40
<iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/co ats_topbanner.jpg> Dear Friend, Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback. Thanks for reading, Dan Coats _____ Budget Should Grow the Economy, Not the Government After refusing to offer a budget for the last four years, Senate Democrats finally put forward a plan this year. As I write to you, the Senate is currently wrapping up 50 hours of debate on the Democrats' budget blueprint. Votes are expected late into the night and possibly through the weekend on hundreds of amendments to the proposal. During debate, I spoke <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fwatch%3fv%3dW1ETciHmjbw%26amp%3bfeature%3dyoutu.be> out against the Senate Democrats' budget because it grows the government, not the economy, and calls for a $1.5 trillion tax hike on Americans. Their plan is a 62 percent spending increase over the next decade and would increase the national debt to over $24 trillion over that time. Repeating the same big tax and spend policies of the last four years is not an option. Our priority must be to grow the economy, get Americans back to work and reduce the burden of debt on future generations. This budget fails on all counts. I am offering several amendments to highlight the need to focus on jobs and economic growth, rather than the expansion of government. One of my amendments would force Congress to think before it acts on any legislation that increases mandatory spending. Mandatory spending refers to the automatic spending on programs required by law such as Medicare, Medicaid and Social Security. As mandatory spending continues to grow drastically, it squeezes out funding for all other important priorities including defense, health research, transportation and homeland security. If we don't work to restructure Medicare, Medicaid and Social Security, we will all but ensure the demise of these much needed programs for future generations. Failing to act and leaving our children and grandchildren with this enormous debt burden is immoral. If Congress determines new mandatory spending is vital to our national interest, this amendment would force lawmakers to go on the record and acknowledge they are voting for new spending or it would require Congress to reduce mandatory spending elsewhere. Another amendment I am offering would require the Congressional Budget Office to report annually an estimate of the cost-per-taxpayer of the deficit for any year the President's budget is projected to produce a deficit. Currently, our debt-per-citizen is over $50,000. This amendment will require the administration to be transparent with taxpayers about how much Washington's spending will cost them. Congressman Luke Messer (R-Ind.) introduced and passed similar legislation in the House of Representatives, and I hope to push it through the Senate. There are a number of other amendments my colleagues and I will be offering to try to improve this deeply flawed budget plan. The Senate Democrats' plan won't help generate more jobs for the 23 million Americans still looking. It won't improve this slow economy. It won't save Medicare and Social Security from going broke. It won't ever balance the budget. And it won't help hardworking Americans get ahead in life. After four years of inaction, the American people deserve better than this plan. The first step toward getting our fiscal house in order is creating a credible and responsible budget that grows the economy, not the government. Sadly, without the passage of a series of amendments to the Senate Democrats' budget, we will not enact a budget that begins to meet the needed requirements to put us on a path to fiscal solvency and prosperity. Click here <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fwatch%3fv%3dW1ETciHmjbw%26amp%3bfeature%3dshare%26amp%3blist %3dUUipTNiqJBYHutxpMxo0UOYw> or on the image below to view my remarks during debate on the budget. Click here <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fpress%2frelease%2fcoats-offers-amendments-to -senate-budget-to-help-grow-the-economy-and-protect-jobs> to read more about the amendments I am offering to the budget resolution. <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fwatch%3fv%3dW1ETciHmjbw%26amp%3bfeature%3dshare%26amp%3blist %3dUUipTNiqJBYHutxpMxo0UOYw> <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/bu dgetspeechrelease032113.JPG> _____ An Unwanted Anniversary This Saturday marks the third anniversary of the signing of Obamacare. By forcing individuals to buy health insurance, imposing harmful regulations and raising taxes, this law has significantly impacted both our economy and the American people. A recent study revealed the President's health care law will add $6.2 trillion to Washington's debt. The non-partisan Congressional Budget Office determined that Obamacare will increase individual health insurance premiums by $2,100 per Hoosier family. By some estimates, the law could end up costing 800,000 jobs. Today, I voted for an amendment to the budget resolution that would call for the repeal of Obamacare. Although Senate Democrats continue to block these efforts, I remain committed to repealing this disastrous law and replacing it with a health care system that puts patients first, increases the quality of care and decreases costs. In addition to supporting a full repeal, I will keep working to strip away the harmful provisions and job-destroying mandates and taxes in Obamacare. On Thursday evening, several Senate Democrats finally supported the call to repeal the harmful $30 billion tax on medical device manufacturers. This vote was a step in the right direction and sent the President an overwhelming bipartisan message that we must overturn this unfair tax that jeopardizes Hoosier jobs, increases costs on consumers and impedes critical innovation. Another Obamacare tax I am working to repeal is the 3.8 percent tax on investment income. This new tax, which took effect in January, is one of the most economically damaging tax increases in the law because it will increase the cost of capital and reduce economic growth, which is something we simply cannot afford in a weak economy. Obamacare remains a job-killer that will significantly hurt our country in years to come. We need to overturn this deeply flawed law before its full impact on our nation and our families is felt. Coats in the News Coats Offers Amendments to Senate Budget to Help Grow the Economy and Protect Jobs <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fpress%2frelease%2fcoats-offers-amendments-to -senate-budget-to-help-grow-the-economy-and-protect-jobs> Sen. Coats Teams Up for Hire a Hoosier Vet Job Fair <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.wk vi.com%2fnews%2fsen-coats-teams-up-for-hire-a-hoosier-vet-job-fair%2f> Senator Coats on WTVW <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fyoutu. be%2fSMrDMtZ-KqU> Coats Calls on Senate Majority Leader to Stop Blocking Amendment Votes <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fpress%2frelease%2fcoats-calls-on-senate-majo rity-leader-to-stop-blocking-amendment-votes> Coats, Bucshon Applaud Toyota in Princeton <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fpress%2frelease%2fcoats-bucshon-applaud-toyo ta-in-princeton> Medical Device Manufacturing Coalition Applauds Passage of Medical Device Tax Repeal Amendment <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.sa cbee.com%2f2013%2f03%2f21%2f5283291%2fmedical-device-manufacturing-coali tion.html> _____ Stay Connected <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.fa cebook.com%2fpages%2fSenator-Dan-Coats%2f180671148633644> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2ftwitte r.com%2fSenDanCoats> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fSenatorCoats> _____ Coats with Hoosiers <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fphotos%2fsenator-coats-with-notre-dame-catho lic-school-2013> Visited students from Notre Dame Catholic School. <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fnewsroom%2fphotos%2fcoats-tours-countrymark-refinery> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fphotos%2fcoats-with-the-american-ambulance-a ssociation> Congratulated 'Star of Life' Recipient, Thomas Bettenhausen from Crown Point. <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fphotos%2fsenator-coats-with-the-professional -firefighters-union-of-indiana> Met with members of the Professional Firefighters Union of Indiana. <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/DS C_1021.JPG> Welcomed Franklin College President Jay Moseley and his wife, Candace Moseley. <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/DS C_1042.JPG> Enjoyed meeting with Indiana Housing Authority Directors. <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fnewsroom%2fphotos%2fcoats-with-traders-point-christian- academy> Welcomed Trader's Point Christian Academy to Washington. _____ To unsubscribe please Click Here <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fcontact%2fnewsletter%2funsubscribe> Contact Me <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fcontact%2f> Latest News <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14505.9084252.5246135.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2f> <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/iq trk.gif?crop=14505.9084252.5246135.7189397>
 

Dear Friend,

Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback.

Thanks for reading,
Dan Coats


Budget Should Grow the Economy, Not the Government 

After refusing to offer a budget for the last four years, Senate Democrats finally put forward a plan this year. As I write to you, the Senate is currently wrapping up 50 hours of debate on the Democrats' budget blueprint. Votes are expected late into the night and possibly through the weekend on hundreds of amendments to the proposal. 

During debate, I spoke out against the Senate Democrats’ budget because it grows the government, not the economy, and calls for a $1.5 trillion tax hike on Americans. Their plan is a 62 percent spending increase over the next decade and would increase the national debt to over $24 trillion over that time.

Repeating the same big tax and spend policies of the last four years is not an option. Our priority must be to grow the economy, get Americans back to work and reduce the burden of debt on future generations. This budget fails on all counts.

I am offering several amendments to highlight the need to focus on jobs and economic growth, rather than the expansion of government.

One of my amendments would force Congress to think before it acts on any legislation that increases mandatory spending. Mandatory spending refers to the automatic spending on programs required by law such as Medicare, Medicaid and Social Security. As mandatory spending continues to grow drastically, it squeezes out funding for all other important priorities including defense, health research, transportation and homeland security. If we don’t work to restructure Medicare, Medicaid and Social Security, we will all but ensure the demise of these much needed programs for future generations. Failing to act and leaving our children and grandchildren with this enormous debt burden is immoral. If Congress determines new mandatory spending is vital to our national interest, this amendment would force lawmakers to go on the record and acknowledge they are voting for new spending or it would require Congress to reduce mandatory spending elsewhere.

Another amendment I am offering would require the Congressional Budget Office to report annually an estimate of the cost-per-taxpayer of the deficit for any year the President’s budget is projected to produce a deficit. Currently, our debt-per-citizen is over $50,000. This amendment will require the administration to be transparent with taxpayers about how much Washington’s spending will cost them. Congressman Luke Messer (R-Ind.) introduced and passed similar legislation in the House of Representatives, and I hope to push it through the Senate.

There are a number of other amendments my colleagues and I will be offering to try to improve this deeply flawed budget plan. The Senate Democrats’ plan won’t help generate more jobs for the 23 million Americans still looking. It won’t improve this slow economy. It won’t save Medicare and Social Security from going broke. It won’t ever balance the budget. And it won’t help hardworking Americans get ahead in life.

After four years of inaction, the American people deserve better than this plan. The first step toward getting our fiscal house in order is creating a credible and responsible budget that grows the economy, not the government. Sadly, without the passage of a series of amendments to the Senate Democrats’ budget, we will not enact a budget that begins to meet the needed requirements to put us on a path to fiscal solvency and prosperity.

Click here or on the image below to view my remarks during debate on the budget. Click here to read more about the amendments I am offering to the budget resolution.

 

An Unwanted Anniversary

This Saturday marks the third anniversary of the signing of Obamacare. By forcing individuals to buy health insurance, imposing harmful regulations and raising taxes, this law has significantly impacted both our economy and the American people.

A recent study revealed the President’s health care law will add $6.2 trillion to Washington’s debt. The non-partisan Congressional Budget Office determined that Obamacare will increase individual health insurance premiums by $2,100 per Hoosier family. By some estimates, the law could end up costing 800,000 jobs.

Today, I voted for an amendment to the budget resolution that would call for the repeal of Obamacare. Although Senate Democrats continue to block these efforts, I remain committed to repealing this disastrous law and replacing it with a health care system that puts patients first, increases the quality of care and decreases costs.

In addition to supporting a full repeal, I will keep working to strip away the harmful provisions and job-destroying mandates and taxes in Obamacare. On Thursday evening, several Senate Democrats finally supported the call to repeal the harmful $30 billion tax on medical device manufacturers. This vote was a step in the right direction and sent the President an overwhelming bipartisan message that we must overturn this unfair tax that jeopardizes Hoosier jobs, increases costs on consumers and impedes critical innovation.

Another Obamacare tax I am working to repeal is the 3.8 percent tax on investment income. This new tax, which took effect in January, is one of the most economically damaging tax increases in the law because it will increase the cost of capital and reduce economic growth, which is something we simply cannot afford in a weak economy.

Obamacare remains a job-killer that will significantly hurt our country in years to come. We need to overturn this deeply flawed law before its full impact on our nation and our families is felt.

Coats in the News

Coats Offers Amendments to Senate Budget to Help Grow the Economy and Protect Jobs

Sen. Coats Teams Up for Hire a Hoosier Vet Job Fair

Senator Coats on WTVW

Coats Calls on Senate Majority Leader to Stop Blocking Amendment Votes

Coats, Bucshon Applaud Toyota in Princeton

Medical Device Manufacturing Coalition Applauds Passage of Medical Device Tax Repeal Amendment


Stay Connected

      


Coats with Hoosiers


Visited students from Notre Dame Catholic School.


Congratulated 'Star of Life' Recipient, Thomas Bettenhausen from Crown Point.


Met with members of the Professional Firefighters Union of Indiana.


Welcomed Franklin College President Jay Moseley and his wife, Candace Moseley.


Enjoyed meeting with Indiana Housing Authority Directors.


Welcomed Trader's Point Christian Academy to Washington.


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