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TMCNet: BRIEF: Reed explains his position on tax deal vote

[January 02, 2013]

BRIEF: Reed explains his position on tax deal vote

Jan 01, 2013 (The Providence Journal - McClatchy-Tribune Information Services via COMTEX) -- Count Rhode Island Sen. Jack Reed among the Democrats who reluctantly supported legislation to avert the fiscal cliff.

"This is not a responsible way to govern, but not compromising could hurt Rhode Islanders and plunge our economy back into a recession," Reed said in New Year's Day statement, prior to the House vote.

Reed believes President Obama should have stood firm on increasing taxes on those making more than $250,000 -- instead of $450,000 -- to reduce the deficit. But Reed says he ultimately agreed to vote for passage to spare the middle class tax increases and to protect the unemployed.
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Reed led the effort to include a renewal of unemployment insurance for 2.1 million Americans, including nearly 9,000 in Rhode Island, which has the nation's second-highest unemployment rate at 10.4 percent.

___ (c)2013 The Providence Journal (Providence, R.I.) Visit The Providence Journal (Providence, R.I.) at www.projo.com Distributed by MCT Information Services

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