Congressman Kenny Marchant (TX-24) issued the following statement after voting against the so-called "fiscal cliff" bill, H.R. 8.
"I voted against H.R. 8 last night because it adds nearly $4 trillion in new debt over 10 years, it raises taxes, and it postpones previously agreed to spending cuts. This bill fails to address the driving force of our nation's debt: out of control federal spending. If we are going to restore the nation's credit rating, we must set our nation back on a path to fiscal sanity. Unfortunately, the President has once again failed to take the nation's perilous economic situation seriously. The tax rate increases he has stubbornly insisted on would pay for less than a week of government spending. The mess we find ourselves in isn't the result of taxes being too low. It is the predictable consequence of a tax, borrow, and spend mentality that must end."