Senator Johanns says he had hoped for more, but in the end decided he had to vote for the fiscal cliff compromise
Senator Johanns says he had hoped for more, but in the end decided he had to vote for the fiscal cliff compromise.
Johanns says the measure stopped tax increases for 99-percent of Nebraskans. . .
Sen. Mike Johanns; "too severe"
Johanns is pleased the agreement made permanent the 5-Million dollar exemption on the estate tax, though it raise the rate above that exemption from 35-to-40 percent.
Senator Johanns acknowledges that he wanted the fiscal package approved by Congress to be much larger.
But Johanns says as talks grew closer to the New Year's Eve deadline, they grew narrower in focus. . .
Johanns; "massive tax increase"
Johanns says that with the tax debate aside, Congress must next focus on getting federal spending under control.
Senator Johanns says he is disappointed the fiscal compromise reached by Congress and the White House didn't contain spending cuts.
Johanns says the measure eventually passed and signed into law by President Obama focused on tax policy and put off a decision on budget cuts. Johanns says reining in over-spending will be the task of the new Congress...and other Congresses to come. . .
Johanns; "can produce"
Johanns says he voted for the compromise, because it prevented a tax increase on 99-percent of Nebraskans.
Senator Johanns says he's pleased the fiscal cliff agreement reached in Congress settles the debate on taxes.
Johanns says that while the agreement didn't contain spending cuts, it did make a significant statement on tax policy. . .
Johanns; "are permanent"
Johanns says he's pleased with the fix of the estate tax. The agreement preserves the 5-Million dollar exemption while raising the rate above that exemption from 35-to-40 percent.
(courtesy of Nebraska Radio Network)