FOR IMMEDIATE RELEASE
Thursday, December 13, 2018
Delaney Statement on Record November Deficit
FRIENDSHIP HEIGHTS, MD – The Treasury Department reported a $205 billion budget shortfall in November, the widest November budget deficit on record.
Presidential candidate John K. Delaney (MD-6) releases the following statement:
“We can thank President Trump for exploding our deficit during good economic times. You have to work really hard to be that fiscally irresponsible. It’s as if we had a President who filed for bankruptcy six times. Oh yea, I guess we do.”
This year, Delaney was named a Fiscal Hero by The Campaign to Fix the Debt. In his book, The Right Answer: How We Can Unify Our Divided Nation, Delaney lays out a plan for fiscal sustainability. He argues for raising revenues by raising the corporate tax rate from 21% to 25%, implementing a carbon tax, enacting comprehensive immigration reform, establishing new minimum taxes on high earners and a surtax on incomes of over $500,000 a year so that the most fortunate pay more, and closing loopholes like carried interest. Delaney also calls for allowing the government to negotiate drug prices and implementing a smart universal healthcare plan, substantially lowering health care costs.