Grassley Supports Tax Relief Extensions, Opposes Rampant Deficit Spending

Statement

Senator Chuck Grassley issued the following comment about his vote today against final passage of the Tax Extenders Act. The vote was 62 to 36 for the legislation. Following Grassley's comment is the floor statement he delivered last week regarding the Tax Extenders bill.

"I proved my support for extending tax provisions to encourage private-sector job creation, many of which I authored in the first place, and my support for extending unemployment benefits with the bipartisan legislation I proposed in February with Senator Baucus. Our bill did not include $100 billion of spending that was not paid for under federal budget rules. It hurts economic recovery efforts and America's financial stability for Congress to continue rampant deficit spending. The fact that Democratic leaders let the biodiesel tax credit lapse at the end of 2009 has cost jobs in Iowa and 43 other states with biodiesel production. It was irresponsible and even offensive for congressional leaders to make the extension of important renewable energy tax incentives contingent on adding another $100 billion to the federal budget deficit."

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