Toomey Statement on Super Committee
WASHINGTON, D.C. – U.S. Senator Pat Toomey issued the following statement today on the Joint Select Committee on Deficit Reduction:
“The Joint Select Committee on Deficit Reduction had an extraordinary opportunity to pass legislation that would have generated millions of jobs through a reformed tax system and put our government on a path to fiscal sanity by cutting spending. Unfortunately, this opportunity has been wasted.
“I am saddened and disappointed that we were unable to meet our goal when so many Americans were counting on us. My Republican colleagues and I proposed a compromise that offered the other side revenue as they demanded. This plan was even hailed by the second highest ranking Democrat in the Senate as a ‘breakthrough.’ Like the proposals offered by other bipartisan commissions, our proposal offered a mix of spending cuts, revenue, and job-creating tax reform that would have lowered tax rates for all Americans and reduced our deficit by $1.2 trillion. Unfortunately, our Democratic colleagues refused to agree to any meaningful deficit reduction without $1 trillion in job-crushing tax increases.”
“The Joint Select Committee on Deficit Reduction had an extraordinary opportunity to pass legislation that would have generated millions of jobs through a reformed tax system and put our government on a path to fiscal sanity by cutting spending. Unfortunately, this opportunity has been wasted.
“I am saddened and disappointed that we were unable to meet our goal when so many Americans were counting on us. My Republican colleagues and I proposed a compromise that offered the other side revenue as they demanded. This plan was even hailed by the second highest ranking Democrat in the Senate as a ‘breakthrough.’ Like the proposals offered by other bipartisan commissions, our proposal offered a mix of spending cuts, revenue, and job-creating tax reform that would have lowered tax rates for all Americans and reduced our deficit by $1.2 trillion. Unfortunately, our Democratic colleagues refused to agree to any meaningful deficit reduction without $1 trillion in job-crushing tax increases.”
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