theadanews.com - Ada, Oklahoma

Local News

January 3, 2013

Oklahoma lawmakers back deal, avoid cliff

Ada —  

Congress’ last-minute deal to avoid a “fiscal cliff” of middle-class tax increases and federal spending cuts isn’t perfect, but it sets the stage for reducing the deficit down the road.

That was the view of U.S. Rep. Tom Cole, an Oklahoma Republican who voted for the measure late Tuesday night. He said passing the bill ensures that upcoming budget debates will focus solely on reducing federal spending.

“Congress will have three significant opportunities in the next three months to reduce the deficit when we debate the debt ceiling, the across-the-board sequestration cuts, and the government funding bill that expires in March,” Cole said in a news release. “The fiscal cliff is certainly not the last debate we’ll have over spending, but it is the last time President Obama will be able to threaten massive tax increases to avoid addressing the real causes of our debt.”

The House approved the bill on a 257-167 vote late Tuesday night, less than a day after the Senate voted 89-8 to support it.

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