Altschuler: We Need Tax Cuts to Jump-Start the Economy

Randy Altschuler, the conservative Republican candidate for Congress (NY-1), today called on Tim Bishop and Nancy Pelosi to “stop living in denial” and realize that the record drop in housing sales figures shows a deepening slide in the U. S. Economy. Altschuler was referring to figures released Tuesday by the National Association of Realtors which showed sales of occupied homes plunged 27.2% in July to its lowest level in 15 years, which is the largest monthly drop in over four decades of record keeping.

Randy Altschuler said, “The housing sales figures released Tuesday prove that despite the inside the beltway spin from the Obama administration, Nancy Pelosi and Tim Bishop, the economy is still in deep trouble and the bail-outs and give-aways simply aren’t working. Nancy Pelosi and Congressman Tim Bishop have to stop living in denial. Congress needs to set aside the political rancor and renew the GOP tax cuts that are set to expire at year’s end. Additionally, Congress needs to cut spending and institute new across the board tax cuts if we are to jump-start the economy and climb out of the recession.

“How can we expect individuals to make the largest single purchase in their lifetime when they are scared to death of the Tax Tsunami that, courtesy of the Democrats, is headed our way at the end of the year. Potential homebuyers are worried sick that the sluggish economy and the prospect of a huge federal tax hike will dig deep into their bank accounts, wiping out hope of a home purchase for the foreseeable future. The American people need tax cuts and they need them now.”