And it will hurt seniors because it does nothing to save Medicare and Social Security.
So Mr. President, I don't oppose your plans because I want to protect the rich. I oppose your plans because I want to protect my neighbors.
Hard-working middle-class Americans who don't need us to come up with a plan to grow the government. They want a plan to grow the middle class.
Economic growth is the best way to help the middle class. Unfortunately, our economy actually shrank during the last three months of 2012.
But if we can get the economy to grow at just 4 percent a year, it would create millions of middle class jobs. And it could reduce our deficits by almost $4 trillion dollars over the next decade.
Tax increases can't do this. Raising taxes won't create private-sector jobs. And there's no realistic tax increase that could lower our deficits by almost $4 trillion. That's why I hope the president will abandon his obsession with raising taxes and instead work with us to achieve real growth in our economy.
One of the best ways to encourage growth is through our energy industry. Of course solar and wind energy should be a part of our energy portfolio. But God also blessed America with abundant coal, oil and natural gas. Instead of wasting more taxpayer money on so-called "clean energy" companies like Solyndra, let's open up more federal lands for safe and responsible exploration. And let's reform our energy regulations so that they're reasonable and based on common sense. If we can grow our energy industry, it will make us energy independent, it will create middle-class jobs and it will help bring manufacturing back from places like China.
Simplifying our tax code will also help the middle class, because it will make it easier for small businesses to hire and grow.