[Congressional Record Volume 158, Number 171 (Monday, December 31, 2012)]
[Senate]
[Page S8580]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
EXTENSION OF MORNING BUSINESS
Mr. WHITEHOUSE. Mr. President, I ask unanimous consent that morning
business be extended until 7 p.m., with all other provisions remaining
in effect.
The PRESIDING OFFICER. Without objection, it is so ordered.
Mr. WHITEHOUSE. Mr. President, I suggest the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The bill clerk proceeded to call the roll.
The PRESIDING OFFICER (Mrs. Hagan). The Senator from North Dakota.
Mr. HOEVEN. Madam President, I ask unanimous consent that the order
for the quorum call be rescinded.
The PRESIDING OFFICER. Without objection, it is so ordered.
Mr. HOEVEN. Madam President, I rise this evening to once again
address the fiscal cliff. Clearly, the time to debate has come and
gone. The simple fact is we need to act and we need to act now.
Earlier today, we heard from the President, and what I heard from the
President is that he feels we have the framework for an agreement on
taxes. Also, the Senate minority leader has indicated, after his
negotiations with the Vice President, that he believes we have the
basic agreement on a tax proposal to avoid the fiscal cliff. So let's
take that step. Let's address the tax piece. Let's get it done.
Granted, the tax proposal is not the big agreement that will fully
address our debt and deficit--an agreement we hope to be able to put
together, an agreement I support and one that includes tax reform,
bipartisan entitlement reform, and finding savings in the Federal
budget. Clearly, these items all need to be addressed, and they need to
be addressed on the order of $4 trillion to get our deficit and our
debt under control.
That is the type of deal I favor, and it is the kind of deal we have
to get to. But if we can't do it all at once, let's do it in pieces. As
the old saying goes, even the longest journey begins with a single
step. If the first step is this tax deal, let's get going. To break the
logjam, let's start with this piece--a tax deal that will ensure taxes
are not increased for middle-class Americans. That is something we can
and we must do. It does involve compromise. For example, I believe we
should extend the current tax rates for all taxpayers. Real revenue
comes from economic growth, not higher taxes. By closing loopholes and
limiting deductions, we can create a simpler, fairer Tax Code that will
help our economy grow.
President Obama, however, has a different view, so we are forced to
find common ground. In this case, that means extending the tax rates we
can to help as many Americans as possible avoid higher taxes. We also
need to fully address sequestration. Sequestration involves automatic
spending cuts. Those spending cuts hit the military disproportionately,
and I believe they need to be revised. But the pressure to do that
kicks in after January 1, and I believe that pressure will serve as a
catalyst for Congress to come up with and pass better alternatives.
Also, we must address the debt ceiling, and it must be addressed in a
way that reduces spending. We have no choice. We are borrowing 40 cents
of every $1 we spend, and that is simply not sustainable. But, again,
we have to break the current logjam, and if we can't get all these
things done in one package, then let's get started with what we can do.
Let's get this tax piece done for as many working taxpayers as possible
and immediately move on to the next tax. Quite simply, that is what
Americans want us to do.
With that, I yield the floor and note the absence of a quorum.
The PRESIDING OFFICER. The clerk will call the roll.
The legislative clerk proceeded to call the roll.
Ms. STABENOW. Madam President, I ask unanimous consent that the order
for the quorum call be rescinded.
The PRESIDING OFFICER. Without objection, it is so ordered.
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