The bi-partisan “Super-committee” has supposedly been working hard to devise a plan to reduce our deficit in recent weeks. Numerous public opinion polls are not showing that the American public holds much faith that the committee can reach any kind of meaningful compromise before the November 23 deadline that the President put on the committee to find ways to trim $1.2 trillion dollars from our deficit.
The committee has spent a lot of time talking about eliminating wasteful spending and tax preferences but just last week the Senate voted to create yet another tax break. Our own Junior Senator Jon “No Ear Marks Ever” Tester sponsored a bill giving a tax credit of up to $5,600 to employers that hire a veteran who has been out of work for over 6 months. Jon’s bill passed the Senate by a vote of 94 to 1.
It is hard to speak against a credit designed to be a boost to our military men and women who have served our country and we commend Senator Tester for going to bat for our veterans but it is obvious that cutting our deficit by over a trillion dollars is going to be nigh onto impossible when so many seemingly worthy programs and tax credits abound.
Someone someplace is going to have to take some cuts to reach the $1.2 trillion dollar goal by November 23rd. Who is willing to take a cut?