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Lance Weighs In On Fiscal Cliff

The congressman voted in favor of the Senate agreement.

Congressman Leonard Lance (NJ-07) today issued the following statement regarding House passage of the "fiscal cliff" compromise:

“I voted in favor of the Senate agreement in large part because it provided the only option available to stop a scheduled tax hike that would have disproportionately affected New Jersey's small businesses, taxpayers, investors and working families and pushed our fragile economy deeper into recession.  

“This legislation permanently extends the Bush tax cuts for 99 percent of households.  It permanently fixes the onerous alternative minimum tax (AMT), giving tens of thousands of hard-working, middle-class New Jersey families much-needed certainty in this area.  And it extends through 2013 important small business tax breaks like the widely claimed research and development tax credit and a provision allowing businesses to write off immediately half the value of new investments, known as 50 percent bonus depreciation.

“The bill also protects New Jersey's senior citizens from massive Medicare cuts in physician payments, cancels pay raises for members of Congress and averts an expected hike in the price of milk by extending expiring dairy policy.

“Essential discussions about spending cuts and the debt ceiling will continue in early 2013, and I welcome this debate.  It is now time to focus on reforming our entitlement programs and reducing Washington’s out-of-control spending that has led to record debt and trillion dollar annual deficits under President Obama.”

 

 

South Westfielder January 06, 2013 at 02:26 PM
Not kowing how old you are, but the greatest generation were those who were old enough to fight in or remember WWI. Republican and Democrat parents of this generation knew they had to work hard, there were no entitlements, that they could only buy what they could afford, if they wanted something they would save, were not jeaous of what others had, and were wiling to hep out those in need. They knew sacrifice for the common good and how to teach their children ethics, values and the value of hard work.
South Westfielder January 06, 2013 at 02:27 PM
I meant WWII.
Bob January 06, 2013 at 02:38 PM
Thank you Leonard for your reasonable vote. We elected you to be help solve important problems our nation faces. We understand you are still a fiscal conservative but this was not the time to act the demagogue.
Bob F. January 08, 2013 at 11:28 PM
Thank you Congressman Leonard for your sensible action.
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