The Washington Post is reporting that deficit hawk and outgoing U.S. Senator George Voinovich (R-OH) has announced he plans to oppose ANY extension of the Bush tax cuts that the Republicans planned on expiring this year.
"As I look at my experience, I believe that if this thing goes through and we extend it, we will kick this thing down the road," Voinovich said in an interview after addressing an Aspen Institute roundtable in Washington. "It’s completely irresponsible."
Voinovich has bucked his party on the tax-cut issue before. He was the only Republican senator to oppose the cuts when they were first proposed in 2000. Three years later, he joined with Sen. Olympia Snowe (R-Maine) in opposing President George W. Bush‘s proposed $700-billion tax-cut package, eventually succeeding in bringing the price tag down to $350 billion.
"The American people should know that a lot of the reduction of their taxes is borrowed money from China," he said. "You’ve got to pay for it. You’ve got to pay for it. You’ve got to pay for it."
I agree with Senator Voinovich. Even if you’re talking about extending the tax cuts for only the working and middle classes, someone needs to figure out a way to pay for them. They’re bankrupting this country otherwise.
By the way, did you know that the Ohio Republican Party named their State HQ after Voinovich this year? 😉