Congressman Chris Jacobs (NY-27) released the following statement after it was announced General Motors (GM) is investing nearly $154 million into its Western New York Lockport Components Plant for electric motor manufacturing. 

 

“I applaud General Motors for recognizing the immense value of our region and for making an investment that will revolutionize their plant here and keep Western New York a leader in advanced manufacturing. Investments like these will ensure good-paying jobs and innovation thrive here, and I look forward to working with General Motors to support this effort and bring our WNY manufacturing industry into the future."

BUFFALO – United States President Donald J. Trump endorsed Republican Chris Jacobs in his candidacy for the 27^th Congressional District of New York.

In a Twitter post President Trump said, “Chris Jacobs will be a great Congressman who will always fight for the people of New York. He supports our MAGA Agenda, will continue to Secure our Border, Loves our Military, Vets, and is Strong on the 2A. Chris has my complete endorsement for the Special Election on 4/28!”

“I am deeply honored and humbled to receive President Trump’s endorsement," Jacobs said. "I appreciate his trust and stand to join him in the fight against socialism and to help him enact his America First Agenda to rebuild our military, grow the economy, and finally secure our borders."

"HOCHUL CAMPAIGN RESPONDS TO CHRIS COLLINS’ PUSH FOR MORE DEFICIT-RAISING TAX CUTS FOR MILLIONAIRES AND BILLIONAIRES"

Hochul's Campaign Manager Francis Thomas cites a report issued by the Center for Budget and Policy Priorities [CBPP] stating:

"Economists say that cutting taxes for the richest Americans would raise the deficit by “nearly $1 trillion” and give the most benefits to people making more than $1 million per year."

Thomas goes on to cite a [CBPP] article dated 7/19/2012 that poses the proposition that maintaining the Bush Tax Cuts for those in the upper 2 percent would, in fact, add deficits of more than $1 trillion to the 2013 budget.

"According to the nonpartisan Center for Budget and Policy Priorities (CBPP),
just 2.5 percent of small business owners face top tax rates. In a July 2012 study, they wrote 'allowing the top two marginal tax rates to return to pre-2001 levels as scheduled next year would affect very few small businesses, a recent Treasury Department study found. The study shows that only 2.5 percent of small business owners face the top two rates.' ” [CBPP 7/19/2012]

Although the CBPP does, in fact, claim to be "nonpartisan" on its Web site, further reading clearly disputes this claim. On the page titled "Experts" on the CBPP Web site, my research shows that all but one of those listed on the page have held positions with the Democrat Party. Of the 46 names listed in various positions, not one has held a position in the GOP or any other conservative or moderate think tank of a similar nature. Below are four examples selected from the Federal Fiscal Policy Section.

Jared Bernstein (Senior Fellow) is a Senior Fellow at the Center on Budget and Policy Priorities. From 2009 to 2011, Bernstein was the chief economist and economic adviser to Vice President Joseph Biden in the Obama Administration. Bernstein is considered to represent a progressive, pro-labor perspective.

Indivar Dutta-Gupta (Policy Advisor) was involved with Amnesty International USA, as a member of its Economic, Social and Cultural Rights Advisory Group and in other volunteer positions. After graduating from the University of Chicago in June 2005, Dutta-Gupta came to D.C. to work with a nonprofit Democratic consulting firm on political campaigns, food and hunger, international development, energy and national security issues. While in college, he interned at the Chicago office of U.S. Senator Richard J. Durbin (D-IL).

James R. Horney (Vice President for Federal Fiscal Policy) was a deputy Democratic staff director at the Senate Budget Committee from 2001 through 2004.

Chuck Marr is the director of federal tax policy at the Center on Budget and Policy Priorities. He served as economic policy adviser to Senate Majority Leader Tom Daschle.

Further, the report cited by Thomas has come under fire from nonpartisan and conservative tax policy organizations like the TaxFoundation and the Heritage Foundation.

"While we applaud the CBPP's obvious success at bringing attention to the budget, it paints an incomplete picture to place only certain budget items in a graph of the deficit, as if that demonstrates causality. Why not throw entitlement spending in the deficit category, or defense spending, or certain initiatives from the Clinton years? Better yet, why not simply show the entire budget, and in a larger historical context?

"Indeed, the CBO report on which the CBPP analysis is based does just that. A closer look at the CBO report will help illustrate the relative importance of tax cuts and spending (including spending through the tax code) in creating the projected deficits." The Budget Debate, taxfoundation.org

Clearly the issue is not so black and white.

Complete Hochul press release after the jump (click on the headline to read more).

FOR IMMEDIATE RELEASE

August 1, 2012

HOCHUL CAMPAIGN RESPONDS TO CHRIS COLLINS’ PUSH FOR MORE DEFICIT-RAISING TAX CUTS FOR MILLIONAIRES AND BILLIONAIRES

Extending Tax Cuts for the Richest Americans Would Raise Deficit, Almost Entirely Benefit Millionaires

Clarence, NY – Today the Hochul for Congress Campaign responded to Chris Collins’ call for more tax cuts for the rich, a move that would disproportionately benefit the wealthy and add nearly $1 trillion to the deficit. After ignoring Representative Hochul's calls to join together to support the middle class tax cuts, Collins continues to pursue tax cuts for the wealthy.

“Chris Collins’ call to add nearly $1 trillion to the deficit to pay for tax cuts for millionaires and billionaires shows just how out of touch he is with the 27^th District,” said Campaign Manager Frank Thomas.  “Kathy has always been an advocate for keeping taxes low for the middle class while we work to cut spending and balance the budget.  That is why last week she called on Chris Collins to join her in supporting a package that extends tax cuts for the middle class. If we're going to have a serious conversation about addressing our deficit, we will have to get serious about cutting spending and ask the rich to pay their fair share.”

Economists say that cutting taxes for the richest Americans would raise the deficit by “nearly $1 trillion” and give the most benefits to people making more than $1 million per year. The Center for Budget and Policy Priorities wrote:

Extending the tax cuts on incomes in excess of $250,000 would add nearly $1 trillion to deficits over 2013 to 2022, but benefit only about the highest-income 2 percent of households.  The biggest benefits would flow to the very highest-income people…more than 80 percent of the value of the upper-income tax cuts would go to people who make more than $1 million a year. [Center on Budget and Policy Priorities, 7/19/2012]

Hochul has a strong record of cutting wasteful spending.  She crossed party lines to vote for the Balanced Budget Amendment, joined Republicans to vote for a bipartisan effort to cut the deficit by more than $2 trillion, and voted multiple times to cut foreign aid to  countries like Pakistan.  According to Fox News, “the [Budget Control Act] will initially cut spending by $900 billion, it also tasks a new committee with finding another $1.5 trillion in deficit reduction by the end of the year.” [House Roll Call Vote 858, 11/18/2011; Roll Call Vote 690, 8/1/2011; Fox News, 8/2/2011; Roll Call Vote 265, 5/17/2012; Roll Call Vote 510, 7/7/2011]

According to the non-partisan Center for Budget and Policy Priorities (CBPP), just 2.5% of small business owners face top tax rates.  In a July 2012 study, they wrote “allowing the top two marginal tax rates to return to pre-2001 levels as scheduled next year would affect very few small businesses, a recent Treasury Department study found. The study shows that only 2.5 percent of small business owners face the top two rates.” [Center on Budget and Policy Priorities, 7/19/2012]

According to the CBPP, the suggestion that raising taxes on the rich would seriously affect small business is based on a “misleading” claim.  They wrote:

The claims that allowing the Bush tax cuts for high-income people to expire would seriously harm small businesses rest on an exceedingly broad, and misleading, definition of “small business.” The definition is so broad, in fact, that under it, both President Obama and Governor Romney would count as small business owners — as would 237 of the nation’s 400 wealthiest people. [Center on Budget and Policy Priorities, 7/19/2012]

Hochul has already been a steadfast supporter of extending the middle class tax cuts and has called on Chris Collins to join her.  On July 9^th, Hochul sent a letter to House and Senate leadership that stated, “I write to strongly urge the House and Senate leadership to quickly schedule a vote to permanently extend the expiring middle class tax cuts.”  On July 27^th she asked Chris Collins to support the extensions of the middle class tax cuts. [Hochul Letter to Congressional Leadership, 7/9/2012; Hochul Press Release, 7/27/2012]

Chris Collins supports tax cuts for the wealthiest Americans.  According to a Collins campaign press release, “Collins supports a full extension of the tax cuts.” [Collins Press Release, 7/9/2012]

It is absolutely clear that Mr. Collins’ tact so far has been to attempt to paint Hochul as a champion for all Obama policies. Almost every press release, tweet and statement generated by the Collins’ Camp contains a reference to a Hochul-Obama connection.

What Chris fails to mention is that Kathy has sided with the Republicans in three key votes that, if also passed in the Senate, would repeal elements of the ACA. Mrs. Hochul was one of only seven Democrats who joined Republicans in repealing the Independent Payment Advisory Board (IPAB).

She also voted along with the GOP to repeal the Community Living Assistance Services and Supports (CLASS) program.

Finally, Mrs. Hochul, along with 36 other Democrats voted for the Health Care Cost Reduction Act of 2012 to amend the Internal Revenue Code of 1986 to repeal the excise tax on medical devices.

Consider also, that Hochul did not even hold office when the ACA was enacted and on several occasions has stated that she would have had problems voting for the ACA if it were presented as passed.

Yet, Collins is not alone in attempting to keep this race in true talking point hyperbole form.

In his press release styled email, Hochul campaign manager Thomas pulled out the tried and true quote, and often used by Kathy referring to the Paul Ryan Medicare Plan:

“.....Mr. Collins and his allies should explain to voters why he supports plans to force seniors to pay $6,400 more for their Medicare and use that money to give tax breaks to millionaires."

This approach was used to defeat Jane Corwin and Jack Davis in 2011’s special election with great success, unfortunately, this line was also dubbed as “One of the Whoppers of the Year” by factcheck.org then and it is under even more scrutiny now.

First of all, if implemented, those 55 at the time and older would not at all be affected at all by the Ryan Medicare Plan; they would receive Medicare benefits as currently prescribed by law.

As for the $6,400 figure, yes it is accurate when you do the simple math however, it leaves out distinct caveats that offset that number.

Finally, the next iteration of the Ryan Plan is similar to the first, and the new version is due to be brought to the floor after the November election. Among its contributors is the very liberal, and lifelong champion of senior issues, Senator Ron Wyden of Oregon. This iteration by all definitions is bipartisan.

For each talking point by either candidate, a fact-based argument can be used as a counter. For each statement issued by the candidates or by their supporters and staff, there will no doubt be a combination of truth, spin and/or vetted talking point.

Issues on the other hand, are often complex. When you analyze the facts there is plenty of room for debate.

The complete statement from the Hochul campaign:

Chris Collins is clearly afraid to run against Kathy Hochul's Independent record of fighting for Western New York, and now he and his allies are launching a desperate attempt to make this race about Barack Obama. Kathy has repeatedly crossed party lines to repeal the most troubling portions of the health care bill, while protecting Those provisions that protect our seniors, our young people, and those with preexisting conditions.

Instead of misrepresenting Kathy's record, Mr. Collins and his allies should explain to voters why he supports plans to force seniors to pay
$6,400 more for their Medicare and use that money to give tax breaks to millionaires.