Robert Scott Statement
on Extension of Bush-Era Tax Cuts
August 4, 2012
Congressman Robert C.
"Bobby" Scott (D-Virginia) issued the following statement on H.R. 8, the
Job Protection and Recession Prevention Act:
legislation irresponsibly extends all the tax cuts enacted in 2001 and
2003. I voted against this bill because we simply cannot afford to
continue extending tax cuts and at the same time put Social Security,
Medicare, and our nation's defense in jeopardy to pay for these cuts.
"Earlier this week, three Republican Senators were in Norfolk
complaining about the negative effect that the 'Sequester' will have on
our nation's defense and the Hampton Roads' economy. It will cost $1
trillion to offset the Sequester so our challenge is to find $1 trillion
in deficit reduction in order to avoid the Sequester.
"However, today the Republicans who can't find $1 trillion to cancel the
Sequester voted in favor of $4 trillion in tax cuts. I believe we should
cancel the Sequester first and then if there is any money left over, we
might be able to enjoy some tax cuts. But the extension of $4 trillion
in tax credits makes the Sequester arithmetically unavoidable."