Rep. Palazzo: "Fiscal Cliff" bill no solution to debt crisis - WLOX.com - The News for South Mississippi

Rep. Palazzo: "Fiscal Cliff" bill no solution to debt crisis

Rep. Steven Palazzo (R, 4th Dist.), voted against the "fiscal cliff" bill Tuesday. Rep. Steven Palazzo (R, 4th Dist.), voted against the "fiscal cliff" bill Tuesday.
WASHINGTON, D.C. (WDAM) -

Congressman Steven Palazzo says the new "fiscal cliff" bill may be a deal, but it's no solution to the nation's financial woes. Tuesday, the House passed the Senate package, which raises tax rates on the weathiest Americans, but shields millions in the middle-class from tax increases.

Palazzo, who voted against the bill, says it adds nearly $4 trillion to the deficit and fails to get spending under control.

"It did not create one new job in Mississippi," Palazzo said. "It did not reduce spending. In fact, we increased spending $332 billion. That's new spending," he said.

The bill does not extend a social security payroll tax cut which expired at the end of the year, meaning workers will now pay about two percent more in social security taxes.

Copyright 2013 WDAM. All rights reserved.

 

  • NEWSMore>>

  • Students learn about careers in energy

    Students learn about careers in energy

    Tuesday, October 17 2017 6:25 PM EDT2017-10-17 22:25:55 GMT
    Middle school students from school districts across South Mississippi attended a job and career fair hosted by Chevron. (Photo source: WLOX)Middle school students from school districts across South Mississippi attended a job and career fair hosted by Chevron. (Photo source: WLOX)

    It was a packed house this morning at the Pelican Landing Conference Center in Moss Point. That’s because more than 400 middle school students from school districts across South Mississippi attended a job and career fair hosted by Chevron.

    More >>

    It was a packed house this morning at the Pelican Landing Conference Center in Moss Point. That’s because more than 400 middle school students from school districts across South Mississippi attended a job and career fair hosted by Chevron.

    More >>
  • Mississippi grand jury indicts alleged Chinese drug manufacturer

    Mississippi grand jury indicts alleged Chinese drug manufacturer

    Tuesday, October 17 2017 5:40 PM EDT2017-10-17 21:40:20 GMT

    An investigation with ties to South Mississippi could bring down a major manufacturer of fentanyl and other opiate substances.

    More >>

    An investigation with ties to South Mississippi could bring down a major manufacturer of fentanyl and other opiate substances.

    More >>
  • St. Patrick students win High School Heisman award

    St. Patrick students win High School Heisman award

    Tuesday, October 17 2017 5:25 PM EDT2017-10-17 21:25:06 GMT

    Wendy's is recognizing two St. Patrick Catholic High School students for their academic and athletic achievements.  

    More >>

    Wendy's is recognizing two St. Patrick Catholic High School students for their academic and athletic achievements.  

    More >>
Powered by Frankly