Sen. Carl Levin Statement on Fiscal Cliff Agreement
U.S. Sen. Carl Levin, D-MI, issues a statement about the vote Congress took to avert the so-called "Fiscal Cliff." This bill extends the tax cuts passed during George W. Bush's presidency that would have expired on Jan. 1, and delays automatic spending cu
It was essential that Congress avoid the highly damaging effects of going over the fiscal cliff. Inaction would have threatened to throw us back into a recession, and that was clearly unacceptable. So while I would have preferred an agreement that better addressed our historical shortfall in revenues, passing an imperfect agreement was far better than the alternative of returning to recession. But the harsh reality is that we have delayed only for two months the damaging automatic spending cuts called sequestration. As we seek in the coming months a more comprehensive approach to avoid sequestration, one that will require both prudent spending cuts and additional revenues, it is imperative that we focus on the hundreds of billions of …
kidcat24
9:56 pm on Tuesday, March 5, 2013
Romney ran on closing loopholes, although he wouldn't say which ones. Now the party of NO says NO. more ›