FOR IMMEDIATE RELEASE
Tues., Sept. 11, 2018
CONTACT: Madeleine Russak (626) 390-2158
CINDY AXNE STATEMENT ON FEDERAL DEFICIT SPIKE
~ The nonpartisan Congressional Budget Office released a report saying that the federal deficit soared 32% to $895 billion in 2018, largely due to the GOP tax bill ~
Des Moines, IA – Today, Cindy Axne, Democratic candidate for Iowa’s 3rd Congressional District, released the following statement following the Congressional Budget Office report that the federal deficit increased 32% in first 11 months of fiscal year 2018, $222 billion more than the same period in 2017. The report cites the Republican tax bill, which Republican Congressman David Young (IA-03) voted for, as one of the main driving factors in the deficit increase.
“David Young voted to cut taxes for America’s wealthiest individuals and less than one year later, we’re already seeing the damaging impact these corporate tax cuts will have on our economy and budget,” said Cindy Axne, small business owner and former Performance Results Administrator at Iowa’s Department of Management. “As a small business owner and former strategist at the Iowa Department of Management, I know how to cut waste and balance the books. I also know that cutting taxes for corporations while increasing spending is exactly the kind of reckless governing that is hurting Iowa’s hardworking families.”
From 2005 to 2014, Cindy worked as a public servant for State of Iowa. During her time at the Department of Management, Cindy served as the Performance Results Administrator to improve organizational strategies for over 20 state agencies in order to deliver services more efficiently and save taxpayers tens of millions of taxpayer money.
“Iowa’s working families, not Wall Street Executives, deserve a reprieve from burdensome taxes. In Congress, I will make sure that middle and lower class families aren’t paying for corporate tax cuts and that we fully fund crucial programs like Medicare, Medicaid and Social Security,” Axne added.