U.S. Representative Martin Heinrich (NM-1) released the followingstatement on the inability of the Joint Select Committee on Deficit Reduction, known as the "super committee," to come to an agreement on a plan to reduce the federal deficit by at least $1.2 trillion:
"Like many Americans, I'm angry and frustrated that the "super committee' didn't reach agreement on how to reduce the deficit. Sadly, they didn't even come close. Democrats put hundreds of billions of dollars worth of spending cuts on the table, but Republicans refused to compromise in order to protect the misguided Bush tax breaks for millionaires and billionaires. They said "No' because they value their pledge to lobbyist Grover Norquist over the commitment they've made to the American people.
"At a time of serious national debt, we cannot afford to extend tax breaks for millionaires and billionaires who aren't shouldering their fair share of our nation's challenges. We need to be clear on our priorities: cut waste and end tax breaks for millionaires and billionaires so we can reduce the debt, create jobs and protect Social Security and Medicare."