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Jim Himes Starts the New Year on the Wrong Foot

Here’s his statement on the fiscal cliff vote (emphasis mine):

“The fiscal agreement passed yesterday, while imperfect and short of what is required for true fiscal stability, will keep tax rates consistent for middle class families in Connecticut and across America and will help the victims hit hardest by the Great Recession—people who have been without work for extended periods of time. It also finally permanently fixes the Alternative Minimum Tax. We need comprehensive tax reform that revises our corporate tax structure to eliminate loopholes and lower rates. We need spending cuts that make the government function more efficiently and fair and equitable reforms to Medicare and Social Security to ensure they exist for future generations. Most importantly, any effort to retool our spending priorities must include recommitting ourselves to the infrastructure and education investments we know are necessary to build a great, innovative nation of shared prosperity. I will continue to work with my colleagues on both sides of the aisle to enact meaningful fiscal reform.”

Corporate tax reform to lower rates?

Spending cuts?

Reforms to Medicare and Social Security? (which can only mean lower benefits)

Work with colleagues on both sides of the aisle to enact meaningful fiscal reform?

These are exactly what we don’t need!

What we DO need is more spending to stimulate employment, as Robert Reich and Ezra Klein point out in my previous posts.