RENACCI: LEGISLATION DOESN’T FIX FISCAL WOES
Washington, DC — Today, U.S. Representative Jim Renacci (OH-16) released the following statement regarding his vote against the flawed legislation originally aimed at preventing the fiscal cliff:
“This bill spends too much, taxes too much and cuts far too little. It will not balance our budget or even come close to eliminating our massive yearly deficits. Worst of all, it continues the Washington traditions of kicking the can down the road and putting off hard decisions about how we must change the way the federal government spends our money. Those decisions need to be made. Now was the time to do it and the opportunity has been wasted by both parties.
“At the end of the day this legislation doesn’t fix the problem, which is Washington’s spending addiction. I could not in good conscience vote for this package knowing it does not reform our broken tax code or set us on a course toward a fiscally sustainable future.”
Rep. Renacci is serving his first term in the U.S. House of Representatives, where he is a member of the Financial Services Committee. Prior to his election he worked as a Certified Public Accountant in the health care industry, and owned and operated over 60 other businesses in the automotive and sports management fields.