Ways and Means Ranking Member
Rep Sandy Levin:
“The CBO report makes clear that Congress must complete the unfinished business facing the nation right now to avoid the fiscal cliff that would threaten our economic recovery.
“Importantly,
... the CBO report undermines the Republican argument on tax cuts for the very wealthiest by showing that they have only a miniscule effect on economic growth while adding nearly a trillion dollars to the deficit over the next decade.
“House Republicans must end their intransigence on tax cuts for the very wealthy and sit down on a bipartisan basis to finish the work of this Congress. We should do so by taking steps to address the time-sensitive end-of-year tax issues, unemployment insurance, Medicare reimbursement and preventing the sequester for a full year. These vital steps will allow the new Congress to set a course for deficit reduction and tax reform in a transparent and fully bipartisan fashion.”
See More