GOP Senators say failure to pass deal would be a “devastating blow” to taxpayers, small businesses and nation’s economic recovery, with tax provisions to improve energy looks like bill will head to Senate, but DeFazio leads House Dems against it.
Plus: NY Times on why a compromise may hinge on energy.
Ways and Means Ranking Member Dave Camp (R-MI) and Senate Finance Ranking Member Charles Grassley (R-IA) issued the following statements and summary in reaction to the final, bipartisan agreement on tax negotiations:
Camp: “This agreement does two things the economy needs: prevents a tax increase on all Americans who pay income taxes and provides a foundation for job creation. The failure to move this agreement forward will be a devastating blow to American taxpayers, small businesses and our nation’s economic recovery.”
Grassley: “Raising taxes would be the worst thing we could do in this economy. Continued tax relief gives people the ability to keep more of their money to use as they see fit, whether it’s buying groceries or investing in their small business. Sending more money to Washington would just result in more government spending, which is the last thing the country needs.”