Senator Dan Coats (R-Ind.) issued the following statement today regarding the administration's proposal on the fiscal cliff:
"I was shocked and stunned to learn that the president's proposal to address the fiscal cliff is yet another stimulus bill. When both Republicans and Democrats all know that we must control spending, it is absurd that the administration would propose a $50 billion spending plan.
"The president's proposal is a complete disconnect from the economic realities we face. Increasing spending and raising taxes on Americans is a non-starter and only adds to our fiscal crisis.
"The American people gave the president a second chance to work with both parties on meaningful bipartisan fiscal reforms. To strengthen our economy, we must pass a balanced plan that prevents massive tax hikes on every American, reduces spending and ensures a path to restructure entitlement programs for future generations."