Republican Study Committee (RSC) Chairman Rep. Jim Jordan explains why conservatives oppose, and why he voted against, the fiscal cliff deal crafted by the Senate and passed by the House.
"Unfortunately, it also allows taxes to increase for many families and small businesses," Rep. Jordan said after the bill passed the House on Tuesday.
Jordan also called the bill (H.R.8) "worse than doing nothing":
"On spending, which is the real problem, this classic Washington deal is worse than doing nothing. We'll never get the budget balanced by delaying the few spending cuts that were agreed to in the summer of 2011."
The RSC released a list of a dozen reasons why conservatives reject the fiscal cliff deal:
1. Affirmatively Provides for Tax Increases
2. Delays Spending Cuts from the Budget Control Act
3. Death Tax
4. Extends Unemployment Benefits
5. Extends Stimulus Provisions
6. Tax Inequality
7. Class Warfare
8. Marriage Penalty
9. Disproportionately Impacts Small Businesses
10. Extends Farm Bill
11. Threatens Economic Growth and Jobs
12. Commission on Long Term Care
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