Bachmann Reacts to Tax Compromise
Congresswoman Michele Bachmann (MN-06) released the following statement in light of an apparent deal struck between Republicans and the White House regarding the pending tax hikes:
“Certainty must be provided to individuals, businesses large and small, farmers, and everyone impacted by the tax code. I called for the current tax rates to be made permanent for all Americans, but it appears a compromise for a two-year extension will be the temporary solution.
“It was irresponsible for Congress to adjourn in September and hit the campaign trail without finalizing the tax rates. The American people are tired of uncertainty, and this compromise on a two-year extension for all will at least offer a foundation for job creation for the immediate future.
“As part of the compromise, the President wants to extend unemployment benefits for another 13 months. Unemployment benefits are already at a historical length of 99 weeks, and the President’s request would push benefits to three years. The President hasn’t indicated any other spending offsets or reductions to pay for these benefits, even though he claims to be committed to reducing the deficit. Our economy doesn’t have a moment to waste and it’s vital that we stop these tax increases now, but we cannot overlook the consequences of another unfunded extension of unemployment benefits. Along with the American people, I anxiously await the final version of the bill that will bring certainly to our nation’s taxpayers.”
“Certainty must be provided to individuals, businesses large and small, farmers, and everyone impacted by the tax code. I called for the current tax rates to be made permanent for all Americans, but it appears a compromise for a two-year extension will be the temporary solution.
“It was irresponsible for Congress to adjourn in September and hit the campaign trail without finalizing the tax rates. The American people are tired of uncertainty, and this compromise on a two-year extension for all will at least offer a foundation for job creation for the immediate future.
“As part of the compromise, the President wants to extend unemployment benefits for another 13 months. Unemployment benefits are already at a historical length of 99 weeks, and the President’s request would push benefits to three years. The President hasn’t indicated any other spending offsets or reductions to pay for these benefits, even though he claims to be committed to reducing the deficit. Our economy doesn’t have a moment to waste and it’s vital that we stop these tax increases now, but we cannot overlook the consequences of another unfunded extension of unemployment benefits. Along with the American people, I anxiously await the final version of the bill that will bring certainly to our nation’s taxpayers.”
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