Statement from ACU Chairman Al Cardenas on the Latest Fiscal Cliff Proposal

Statement from ACU Chairman Al Cardenas on the Latest Fiscal Cliff Proposal

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Statement from ACU Chairman Al Cardenas:

“The American Conservative Union simply cannot accept or support the Senate Bill as passed this morning, which does nothing to reign in out of control spending. Given the dire financial situation our country faces, ACU would have supported, albeit reluctantly, the Bush era tax cut extensions for those with incomes under $400,000 to $450,000 and supported the Death Tax provisions that maintain the current exemptions and are indexed for inflation.  This is vital for our family farms and family-owned businesses. Our nation has a spending problem, not a revenue problem. Rather than do the essential work of cutting spending, the current bill actually adds even more deficit spending. Congress needs to make the hard decisions now for the future of our children and grandchildren. Therefore, ACU recommends that the House take the non-tax provisions out of the Senate Bill and pass it. They should then go back to the drawing board and put together a comprehensive plan to responsibly deal with unemployment insurance, the Farm Bill, special interest tax subsidies and replacing the sequester with targeted spending cuts in a way that would be in line with our conservative values.”

  • wheels

    Just like anybodies debt problems, it all starts with spending beyond your means. You can’t expect to stay solvent if you bring in $100.00 a month and spend $1000.00. California tried to do it and look what is hapening to them. The big money Corporations are leaving for other States as it has now gotten to costly to do business in Calif. There goes the tax base and the same thing will happen to the US tax income except the companies will move offshore. What about this concept is so difficult for the liberal mind to understand. What is so bad about profit?