More Washington Republicans Line Up Behind Richard Hudson

 

(image courtesy of the Scott Keadle campaign) 

More Washington Republicans Line Up Behind Richard Hudson

Hudson's DC Allies Trying To Push Him Over The Finish Line

Raleigh, NC - Washington insider Richard Hudson (NC-08) announced his endorsement of another Washington Republican, Congressman Paul Ryan, the architect of the Republican budget plan that deeply cuts Medicare in order to protect tax breaks for millionaires and corporations that ship jobs overseas. Even Hudson’s Republican opponent has criticized him for being a “Washington insider,” “yes man” to special interests, and “buddy” of Republican leaders.   

“Washington insider Richard Hudson continues to tout his Washington endorsements including the endorsement of Congressman Paul Ryan who authored the GOP plan that deeply cuts Medicare in order to protect tax breaks for billionaires and corporations that ship jobs overseas,” said Walton Robinson spokesman for the North Carolina Democratic Party. “North Carolinians are tired of Hudson’s extreme agenda that puts special interests, big corporations and billionaires ahead of the hardworking families. Even Hudson’s Republican opponent agrees that Hudson will be a ‘yes man’ to Washington special interest and Washington Republicans who want to raise health care costs for seniors.”

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BACKGROUND ON HUDSON

Hudson Said Ryan Budget was a “Serious Approach” but that it was “Watered Down.” “I think the Ryan budget is a serious approach. It’s the first budget that honestly looks at entitlement reform. [...] I do think though that it takes too long to balance the budget. I think the House was operating on the constraints of the Democratic Senate, so I think what Paul Ryan- as I look at each of the three budgets he’s put forward, this one to me is the most watered down as the three,” said Hudson. [Catawba College Forum, 4/11/12]

Ryan’s Plan Also Encourages Companies to Ship Jobs Overseas. Currently, U.S. companies pay the tax rate of the country where the outpost is located and then, if they bring those profits home, often pay some U.S. taxes as well. Under Ryan’s proposal, companies essentially would pay just the tax rate of the country where the profits are earned. According to the Tax Policy Center, exempting these offshore earning from U.S. tax liability “might encourage some domestic companies to move more of their operations—and shift both jobs and more reported income—to low tax countries.” Similarly, Citizens for Tax Justice concluded that adopting this type of system would increase the incentives for job offshoring. [National Journal, 3/20/12; Wall Street Journal, 3/19/12; Tax Policy Center, 2/28/12; Citizens for Tax Justice, 10/19/11]

AARP: Ryan’s Plan Would Increase Health Care Costs for Older Americans. AARP CEO Addison Barry Rand wrote to Members of Congress on House Budget Committee Chairman Paul Ryan’s Fiscal Year 2013 budget resolution. In the letter, Rand wrote: “this proposal simply shifts these high and growing costs onto Medicare beneficiaries, and it then shifts even higher costs of increased uninsured care onto everyone else. […] By creating a ‘premium support’ system for future Medicare beneficiaries, the proposal is likely to simply increase costs for beneficiaries while removing Medicare’s promise of secure health coverage -- a guarantee that future seniors have contributed to through a lifetime of hard work.” [AARP Letter, 3/21/12]

Hudson Accepted Over $150,000 from Washington Republicans. Hudson has accepted at least $154,583 from Republican Congressmen and Congressional candidates. Contributions included $10,000 from House Speaker John Boehner’s Freedom project, $10,000 from Majority Leader Eric Cantor’s ERIC PAC, and $5,000 from Congressman Paul Ryan’s Prosperity PAC . [FEC.gov, accessed 7/05/12]

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