A compromise may be near in Congress to extend tax cuts and unemployment benefits. Nebraska Representative Adrian Smith, a Republican from Gering, says the GOP is holding out to maintain all the Bush-era tax cuts.
Smith says taxes shouldn’t be raised on anyone right now, especially with the national jobless rate at 9.8 percent. He says it’s not good for the economy. Smith says Republicans are prepared to wait for the new Congress in January, if necessary, to preserve the cuts.
That’s a viable option, Smith says, as the folks who take office next month are a direct result of the election and the American people speaking up. While the tax cuts will decrease revenue to the government, Smith says it’s still the best course to revive the economy.
He says the best way to address the deficit is to grow the economy by putting people to work with growth-friendly policies and restrained taxes.
Thanks to Jerry Oster, WNAX, Yankton