The Congressional Budget Office released a report this week warning of a "significant" recession if Congress and the President don't succesfully take action to avoid the so-called "fiscal cliff". You and I know that if taxes go up, and Americans have less of their own money to invest and purchase, the economy will suffer.
The House has taken steps to avoid this perilous event. We passed a bill to keep the current tax rates for a year so we could enact fundamental tax reform in 2013. Additionally, we passed a bill that replaces the defense sequestration with other spending reductions that don't sacrifice our national security. Amazingly, however, the President and his allies in the Senate have blocked these common sense measures at the expense of the American people.
When we return to Washington in a few weeks, I will continue the fight to keep our taxes from rising while finding a solution that averts the fiscal cliff. Hardworking Americans have suffered enough in these tough economic times. To institute policies that would raise taxes and put us through another recession is wrong, and we must avoid it. I'll keep you updated as these negotiations move forward.
In this newsletter, we have discussed our displeasure with the attempts by Janet Napolitano and the President to change immigration law by simply refusing to enforce it against some illegal immigrants. Sidestepping Congress, and undemocratically deciding which laws they will enforce, is contrary to the American idea.
This week, a group of ten Immigration and Customs Enforcement agents launched a lawsuit challenging these changes. I commend their bravery and their dedication to our laws. I hope they succeed in their efforts to ensure that immigration laws are enforced.
I was extremely saddened to hear of Neil Armstrong's death yesterday. Neil Armstrong was a close family friend and has long been an inspiration to me. When he took his first small step onto the Moon, he broadened the horizons of the human imagination and illustrated the sheer creative power of a determined and free people. America, and the world, owes a debt of gratitude to this brave pioneer. He will be greatly missed. As we mourn his death, let us always remember the monumental significance of his life. Our thoughts are with the Armstrong family during this difficult time.
Thanks, as always, for reading, and I look forward to being in touch soon.