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Metro News: Congressman says don't call it a "cliff"

"This is not a surprise. This is not a cliff. It is a gradual reduction in what we have to do which is reduce spending in Washington," Congressman David McKinley says of the $120 billion in spending cuts that are scheduled to take effect automatically on January first.

At the same time, the Bush era tax cuts will expire, if there is no alternative budget deficit plan. The tax expirations mean taxes could rise to their 2001 levels for everyone.

Congressman McKinley says everything will need to stay on the table as negotiations continue on Capitol Hill. "We can't raise it all on taxes and we can't do it all on spending cuts."

What he says is needed is a comprehensive plan that includes several dollars worth of federal spending cuts for every one dollar raised in new revenues.

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