Rand Paul: I Won’t Back Any Fiscal Cliff Plan

Monday, 31 Dec 2012 08:18 PM

By Todd Beamon

  Comment  |
   Contact Us  |
|  A   A  
  Copy Shortlink
Kentucky Sen. Rand Paul said that he likely would vote against any plan put on the Senate floor to avert the fiscal cliff — but he expects the agreement to pass the chamber with bipartisan support.

“I’m a likely ‘no,’ because there’s a lot of new spending in it,” the first-term Republican told CNN. “There’s going to be tax increases, which I think are bad for the economy. There’s also going to be increases in spending.

“We have a spending problem up here, and instead of trying to restrain spending, they took entitlements off the table — and they’ve actually added new spending,” Paul added. “There’ll be new spending in this bill, which I think is the wrong direction to take the country in.”

Vice President Joe Biden and Senate Minority Leader Mitch McConnell, also of Kentucky, were in negotiations late Monday on a deal to stop more than $600 billion in tax increases and drastic spending cuts from taking effect on Jan. 2.

Their goal is to have a spending plan to put to a Senate floor vote by midnight. The House of Representatives adjourned until noon on Tuesday.

Paul said his major problem with any cliff agreement is its lack of substantive spending cuts.

“They’re heaping on new spending, so not only are they raising taxes — maybe on a small percentage of people, but a large amount of money — but they’re also going to spend more money,” he said. “It’s a spending bill. It has stimulus spending in there. It’s going to give a five-year stimulus spending to some of the president’s plans from 2009, so I object to increasing spending and increasing taxes. That’s really the deal-killer for me.”

Despite his probable negative vote, Paul said an agreement will be passed by the Senate.

“It will pass with bipartisan support in the Senate,” he told CNN. “The House is a little more unpredictable, but once Democrats sign on in the House, it should pass as well — but it’s going to require Democrats and Republicans, probably in both bodies, in order to pass.

“I personally just don’t like it, because I think we’re kicking the can down the road and we really aren’t addressing the real crisis in our country, which, really, is not a fiscal cliff that everyone is talking about, but really is a debt crisis,” Paul added. “This deal will do nothing to help reduce the deficit.”

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact Us  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Retype Email:
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Foley's Death Isn't Changing Views in Congress

Thursday, 21 Aug 2014 10:00 AM

For all its horror, the beheading of an American journalist in Syria appears unlikely to change lawmakers' minds about m . . .

WSJ Editorial: Will Obama Do What it Takes to Defeat ISIS?

Thursday, 21 Aug 2014 09:56 AM

President Barack Obama's condemnation of the beheading of American journalist James Foley was passionate, but leaves the . . .

Eric Holder Meets With Michael Brown's Parents

Thursday, 21 Aug 2014 08:16 AM

Attorney General Eric Holder met with the parents of 18-year-old Michael Brown Wednesday evening at the U.S. attorney's  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved