Isakson: Fiscal cliff deal makes Bush tax rates permanent
by Jon Gillooly
January 03, 2013 12:07 AM | 3718 views | 11 11 comments | 8 8 recommendations | email to a friend | print
Sen. Johnny Isakson (R-east Cobb.)
Sen. Johnny Isakson (R-east Cobb.)
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WASHINGTON — U.S. Sen. Johnny Isakson (R-east Cobb) says about half the people he’s heard from are pleased with his vote in favor of a deal that avoided the “fiscal cliff” tax increases.

“In most cases, when 50 percent are happy and 50 percent are not, you probably did the right thing, especially on something that everybody’s engaged in, and I would say it’s about 50-50,” Isakson said.

Isakson said he voted for the deal because it made permanent the Bush tax rates for “99.1 percent” of the American people, keeping $3.7 trillion in taxes from going up over the next 10 years.

“For Georgia’s small businesses, family farmers, land owners, we made permanent the estate tax exemption at $5 million and indexed it to inflation, which is a huge plus for them,” he said. And, “we were able to bring about some degree of certainty to the business community going into a new year on what tax rates were going to be. We passed the tax extenders like the bonus depreciation for another year, which is big for small business and big business alike.”

Isakson said while he did not care for how the process unfolded, it was beyond his control.

“We weren’t in the majority in the Senate and were not able to pick and choose the process, but given the process we had and the leadership we had on the Democratic side I thought (Senate Minority Leader) Mitch McConnell did a good job, and I was pleased to vote for it.”

Isakson explained where the country goes from here.

“You’ve got a new deadline and you’ve got a new cliff,” he said. “It’s not a fiscal cliff, it’s an accountability cliff.”

The simple solution to the problem Congress finds itself in is to pass a budget by March 15, yet it’s been three years since Senate Majority Leader Harry Reid has allowed a budget to come to the floor, Isakson said.

“The budget law says the president will submit a budget to the Congress by March 15 and the Congress will act on it,” he said. “The president has submitted the budget, but Harry Reid won’t bring it to the floor, because when you submit the budget, it has to cast your policies out for the next decade. And the president’s programs and tax increases cast out over the next decade are so frightening nobody wanted to bring it to the floor and debate it on the Democratic side. It shows you what a charade fiscal responsibility is to this president and quite frankly to the majority in the Senate.”
Comments
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Old timer
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January 03, 2013
If I were there...I would only vote present . Then let the democratic party own this mess. We do not have a taxing proble....We have a spending problem and it needs to stop.
NOTHINGS CHANGED
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January 03, 2013
Best interest of the country--what a joke! There's very little difference in the Republicans and the Democrats. It's spend our money to get reelected.

The Republicans need to stop the spending and stop focusing on social issues. This country is in big trouble and yet with both parties, nothing ever changes.

Just Wait
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January 03, 2013
Both Senators voted in the best interest of the country. But because they broke form the Republican, Grover Norquist mold, they are considered outcasts. It's no wonder the Republican party is working its way toward extinction.
Betsey Ross
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January 03, 2013
One more strike against Saxby, and even for Johnny....well, you better hope you don't have any credible competition the next time you run.

I'm sure from where you sit it does look like a good deal. Raising taxes on a majority of the country is NOT a good deal. And you got NOTHING, a big fat zero, in return.
Emanon10
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January 03, 2013
Thank you, Senator, for a clear and correct statement on this mess.

You have a thankless task ahead.
Watcher...
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January 03, 2013
Isakson and Chambliss both have a terrible case of "Potomac Fever!"

They have NO BACKBONE!
anonymous
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January 03, 2013
Johnny needs to come home and either become a real estate agent again or just retire. He is just too old and tired to lead our state.

We expect and demand our leaders to put up a good fight when it is warranted.

Your only problem with the 50-50 analogy is that you and Saxby both need the 50 against. We are the ones who will be voting in the Republican Primary in 14 and 16.

The next thing we will hear out of your mouth is how John Kerry is a national hero and should be the next Sec. of State.... oh wait you have already made that claim.

East Cobb Democratic
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January 03, 2013
Well, John Kerry served is country in Vetnam and came home like Hano Jane,to disgrace the members of congress and threw is medals over the white house fence.

I don't think Shameless or Road Map served in the military.
Hunker
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January 03, 2013
Coming from the office of our Senator, that previously publicly stated that he had not perceived any negative constituent reaction to his support of the Bush Immigration Amnesty initiative, I would take a statement of constituent reaction with a dose of Bull Manure...With all due respect, Johnny has returned to his democratic roots....
Pat H
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January 03, 2013
Isakson - used to be a Democrat - still spending like one.

Subsidy to home buyers who couldn't afford to buy a home in the first place - authored by Isakson. Legislation wholly designed to help his son run his real estate business.
i know him
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January 03, 2013
you can say a lot of things about Johnny but you can't say he "used to be a democrat". Check your facts, he was a Republican when everyone else in Cobb County was Democrat, even conservatives. In fact his first run for office was for Cobb County Commision, which he lose most likely because he was Republican. I like Johnny a lot, he's as close to a stateman as we will see in our lifetime, however I too am disappointed at ALL of them in DC but he was and always has been a Republican.
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