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home : news : news   April 29, 2016

12/31/2012 12:39:00 PM
Kinzinger issues statement before entering 'fiscal cliff' deadline talks

Kevin Caufield
NewsTribune Reporter

With the fiscal cliff deadline coming within hours, U.S. Rep. Adam Kinzinger (R-Channahon) told the NewsTribune this morning he’s “hopeful” for a compromise but “unclear” about whether it is possible.

“The House has acted time after time after time — well before the January 1st deadline — to offer a balanced approach that stops the defense ‘sequester’ and tax hikes on all Americans,” Kinzinger stated.
“It’s time for the Senate and White House to act. I’m hopeful that we can come to a conclusion that will avert another recession, but it’s unclear at this time whether that is possible.”

The fiscal cliff is the combination of across-the-board tax increases due tomorrow, followed a day later by $110 billion in automatic spending cuts imposed as a result of last year’s deal to raise the debt ceiling.

Many economists expect the so-called fiscal cliff to plunge the country into another recession, but that it also may bring debt into a manageable position and the country would be economically stronger over the long-term.

Related Stories:
• Obama, Senate agree on temporary deal in hopes to avoid 'cliff'

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