Congress returns soon from its break, but a Nebraska Congressman cautions not to expect too much.
Congress left Washington on an extended August break with a lot left on the table, according to Congressman Jeff Fortenberry.
“There are looming questions about tax policy, about over-spending, but you’re in the midst of an election season and the ability for the institution to make a decision and to have some cooperation from the White House is just negated,” Fortenberry tells Nebraska Radio Network. “So, a lot of people are very frustrated by this, understandably so, because these are looming questions facing the future of the country.”
Fortenberry says the political dynamics in full force in Washington will delay action until after the November elections, perhaps even until next year. Congress returns to work next week, after back-to-back partisan gatherings; the Republican and the Democratic National Conventions. The November 6th elections are only a few weeks away.
How Congress will deal with the so-called “fiscal cliff” remains unclear, according to Fortenberry. Some economists have predicted that if Congress allows the Bush-era tax cuts to expire and automatic, drastic budget cuts to take effect at the beginning of the new year, it will drive the country off an economic fiscal cliff, perhaps plunging the country into recession in 2013.
Fortenberry says his hope is that concern about such a drastic outcome will force Congress to deal with overspending and what many consider an out-of-date federal tax code.
AUDIO: Brent Martin reports [:45]