Congress is again plunging into the payroll tax cut debate. A compromise was reached in late December on a two-month extension, which will expire later this month.
Nebraska Third District Congressman Adrian Smith says it’s a distraction to get back into this debate.
“It’s unfortunate we couldn’t do the one-year (extension) back in December so we could spend time working on other ways to grow our economy and reign in spending,” Smith says. “Long term, we need to make sure we have the right items in place so we can not put our country into so much debt in order to accommodate this payroll tax reduction.”
Smith says he could support the tax cut, but only if it is not made permanent.
“We need to emphasize that this is temporary,” he says. “If this becomes a permanent situation, it just raises more spending issues.”
Smith says he would like to see the debate expand into tax reform.
“We are tackling tax reform and we need to make sure that we don’t continue to narrow our bace in a way that is causing fiscal alarm and growing our debt,” he says.
Jerry Oster, WNAX, Yankton