Clyburn lauded the bill as “a more progressive tax code than we’ve had in a very long time.”
Republicans who voted against the bill were quick to issue statements making their objections known.
“From my first day in the 112th Congress, I have been fighting hard to bring our spending in line with revenue. Sadly, that will have to wait until the 113th Congress,” said Rep. Todd Young (R-Ind.). “Despite the fact that this tax relief measure passed, time is running out for our nation to reign in reckless federal spending and reform our inefficient and unfair tax code.”
“While I support low tax rates for Americans and have previously voted to ensure taxes do not go up on hardworking Americans, I could not vote for this bill because it does nothing to reform our long-term spending problems, which are the real drivers of our debt and deficits,” said Rep. Rob Wittman (R-Va.). “In addition, this bill postpones sequestration, the disastrous defense cuts, for only two months. This creates even more uncertainty for our defense industry, which is so vital to the security of this nation.”
More objections were voiced by the chairman of the president’s deficit reduction commission, whose plan of tax reform and spending cuts was dismissed by Obama.
“The deal approved today is truly a missed opportunity to do something big to reduce our long term fiscal problems, but it is a small step forward in our efforts to reduce the federal deficit,” Erskine Bowles and former Sen. Alan Simpson (R-Wyo.) said in a joint statement.
“Washington missed this magic moment to do something big to reduce the deficit, reform our tax code, and fix our entitlement programs.”
And all acknowledged that we’ll be back here soon.
#fiscalcliff2 is in 2 months,” tweeted Rep. Jared Polis (D-Colo.).