Flores explains vote against Fiscal Cliff deal

Congressman Bill Flores, whose 17th district included Hood County prior to redistricting, issued the following statement about H.R. 8, the American Taxpayer Relief Act, as amended by the Senate and passed on New Year’s Day: “The bill that the Senate hastily put together and passed does little to provide economic growth and does virtually nothing to implement much-needed spending reforms. The deal raises approximately $620 billion in new revenue, but only has $15 billion in spending cuts, i.e. for every $1 in spending cuts there will be $41 in new taxes. The legislation also raises taxes on job creators, which will hinder job creation. I do not feel that this bill went far enough to curb the culture of wasteful spending and to protect tax rates for job creators. For these reasons, I voted in opposition of the bill’s passage.”