From today’s briefing:
Raising taxes would kill jobs, choke off investment, and stifle economic growth. That’s not exactly a recipe for the kind of economic renewal that region so desperately needs.
Instead, I hope some of the money can be the product of spending sacrifices elsewhere in the federal budget.
There are programs all over the federal budget that are bloated or wasteful or inefficiently using the funds we provide them, and I’m very interested in identifying them.
We can fund this relief effort without raising taxes or wasteful spending – and it’s up to us to do just that.”