On the heels of a recent Federal Reserve report concluding that the net worth of American families dropped nearly 40 percent from 2007-2010, Sen. Scott Brown, R-Mass., says that the current approach to the economy isn’t working.
In a new radio ad released this week, Brown reiterates his mantra that lower taxes, controlled spending and legislation that encourages business to grow is the best way to rebuild the economy.
“The loss of income and net worth is like a one-two punch that is crushing our middle class,” Brown says in the ad. “What is Washington’s response to this news? Higher taxes, more spending, and increased debt. That approach failed the countries of Europe, which are in financial crisis, and it won’t work for America either.” In the press release announcing the new ad, Brown’s campaign says his Democratic rival Elizabeth Warren “supports higher taxes and more spending.”
The differences between the two candidates, of course, aren’t quite that simple.
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This story first ran in the Springfield Republican on June 26, 2012.