Late tonight, Rep. Justin Amash (R-MI) voted against the fiscal cliff bill brokered by Senate leaders and the Obama administration because it increases deficit spending by $50 billion next year.
"The federal government's refusal to live within its means is immoral. I cannot in good conscience support burdening our children and grandchildren with another $50 billion of debt," said Amash. "The spending binge must be stopped before it does permanent damage to our country's future. And if the President and Congress aren't willing to stop the reckless spending now, when we already have $16 trillion of debt, Americans are given little confidence that their so-called leaders ever will stop it."
The bill eliminates spending cuts that were set to begin this week. The spending cuts, or "sequestration" in Washington parlance, are turned off for two months and extended federal unemployment benefits are authorized for another year. The bill's new spending for 2013 totals around $50 billion.
The bill also includes a series of tax cuts. Marginal income, capital gains, and dividends tax rates are cut for families earning $450,000 or less annually. Certain child and education tax credits are renewed, as well.