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DeFazio Vows to Fight the Tax Cut Bill


Democratic Oregon Congressman Peter DeFazio says it doesn't make sense to go into debt to pay for the extension of tax cuts to the wealthy that President Obama and Republicans want. DeFazio says the other expenses being added to the Bill for the sake of adding jobs aren't worth the return. The President predicts the Bill will pass. If it doesn't, the tax cuts will run out for all taxpayers at the end of December. The cost of extending the tax cuts is now estimated at $900-billion over two years. DeFazio says all of that money will have to be borrowed. He continues to fight it.


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