Tuesday, January 1, 2013

Sen. Rubio: Fiscal Cliff Deal Postpones The Inevitable

WASHINGTON, D.C. -- After voting against the U.S. Senate deal which would temporarily avert the fiscal cliff,  U.S. Senator Marco Rubio (R-FL) was critical of the compromise which would raise taxes and delay spending cuts. 

"Of course, many Americans will be relieved in the short term that their taxes won't go up. However in the long run, they will be hurt when employers pass on to them one of the largest tax hikes in decades.  Furthermore, this deal just postpones the inevitable, the need to solve our growing debt crisis and help the 23 million Americans who can't find the work they need,” Rubio said.  "And to make matters worse, it does nothing to bring our dangerous debt under control."

The Senate compromise bill, which now heads to the U.S. House of Representatives, would delay sequestration of defense spending by two months.  One economic impact analysis estimates that 1,366 NASA Kennedy Space Center related contractor jobs would be lost on Florida's Space Coast in Brevard County under the impending 'fiscal cliff.'  Ron Cobb of the Space Coast Economic Development Council said in a Brevard Times OpEd that sequestration "...would drain more than $330 million from Brevard County’s economy in 2013..."