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Klobuchar Urges Bipartisan, Balanced Solution to Fiscal Cliff

At Joint Economic Committee hearing, Klobuchar questions Moody’s Analytics Chief Economist Mark Zandi on importance of reaching common ground on a balanced debt reduction plan; Klobuchar calls for returning to Clinton-era tax levels for Americans making over $250,000 combined with spending cuts and a framework for comprehensive tax reform

December 6, 2012

Washington, D.C. – U.S. Senator Amy Klobuchar today called for a bipartisan, balanced solution to avoid the fiscal cliff and reduce the debt. At a Joint Economic Committee hearing discussing solutions to the fiscal cliff, Klobuchar questioned Moody’s Analytics Chief Economist Mark Zandi on the importance of reaching common ground on a balanced debt reduction plan. Klobuchar called for a return to the Clinton-era tax levels for Americans making over $250,000, combined with spending cuts and a framework for comprehensive tax reform.

“The task is clear: we need to find common ground on a debt reduction plan that is balanced and ensures economic opportunity for all Americans,”Klobuchar said. “As we work to put our country on a path towards fiscal responsibility, I will continue to work across the aisle to forge a bipartisan solution.”

Klobuchar was one of 14 senators that fought for the creation of the bipartisan Debt Commission, and last year was part of a bipartisan group of 45 senators who pushed for a balanced debt reduction plan in Congress.

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