Senator Nelson agrees with the dire predictions for the economy if Congress doesn't deal with impending tax increases...and drastic budget cuts.
Senator Nelson agrees with the dire predictions for the economy if Congress doesn't deal with impending tax increases...and drastic budget cuts.
Some economists have projected that if Congress doesn't act, the economy will fall off a "fiscal cliff".
Nelson says Congress needs to act in the lame-duck session. . .
Sen. Ben Nelson, Democrat; "job creation"
Nelson says the talks in Washington have strayed too far from the main goal: reducing the deficit.
Senator Nelson agrees with economists who predict the economy will fall off a "fiscal cliff" if Congress doesn't act to head off a steep rise in taxes and deep budget cuts.
Nelson says Congress needs to take its job seriously, even in a lame-duck session. . .
Nelson; "over the cliff"
Nelson says the problem is a combination of everything the 112th Congress has left undone for the past two years.
Senator Nelson says no one should under-estimate the economic calamity coming if Congress doesn't act to stop an increase in taxes and drastic budget cuts.
The Bush-era tax cuts will expire at the end of the year. Deep budget cuts are scheduled to go into effect at the beginning of the New Year.
Nelson agrees with the dire predictions that the shock of both could send the economy back into recession. . .
Nelson; "as I know"
Nelson says Congress needs to fix the problem in the lame-duck session...and not push it off on the new Congress.
(courtesy of Nebraska Radio Network)
