After declining earlier this evening to explain his support for the House Republican tax plan that has been dubbed Plan B, Republican Rep. Chris Gibson of Kinderhook has issued a statement explaining his position:
“As I have long-maintained, I believe the bipartisan budget – Cooper-LaTourette – is the best solution to deal with the fiscal cliff. It is pro-growth, helps hardworking families, individuals and small business owners across my district, sets sustainable spending levels for the future, and comprehensively deals with expiring tax policy and sequestration. I voted for this approach in March 2012 and continue to work with my colleagues to gain support.
“Today we had a vote on expiring tax provisions. We have 11 days to prevent a tax increase from affecting my constituents and every American worker – resulting in less “take home” income and hurting the ability of businesses to grow. Although not ideal – we would do better with the pro-growth tax reform that closes loopholes and lowers rates contained in Cooper-LaTourette – I voted ‘yes’ on this bill to protect as many of my constituents as possible from tax rate increases. This specific bill permanently prevents a tax rate increase on families, individuals, and small businesses who make below $1 million. Meanwhile, discussions continue on the spending side and, unless we reach an agreement, sequestration cuts will be implemented. I expect this process to continue into next week and I will keep you informed of significant developments.”
UPDATE AT 10:30 P.M.
Gibson’s spokeswoman, Stephanie Valle, said the decision by Speaker John Boehner to cancel a vote on Plan B demonstrates that the bipartisan Cooper-LaTourette budget plan is the best approach.
“Chris believe now, more than ever, Cooper-LaTourette is the best way forward,” Valle stated in an email.
House Democrats, however, want Boehner to call a floor vote on the legislation that has passed the Senate which would renew the Bush tax cuts for families earning less than $250,000 annually.