Coats Notes: Averting the Fiscal Cliff

Senator Dan Coats
2012-11-30 16:47:17
<iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/co ats_topbanner.jpg> Dear Friend, Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback. Thanks for reading, Dan Coats _____ Averting the Fiscal Cliff When taking office, I pledged to you that I would work to bring Hoosier values to Washington and do everything I can to keep this country from fiscal collapse. Right now, we are staring at the edge of a fiscal cliff. On January 1, if Congress and the White House don't act, a wave of tax hikes will hit all Americans and impede economic growth. This week, the President offered his plan to address the fiscal cliff. He proposed more than $1 trillion in tax revenue primarily by raising tax rates and $50 billion of stimulus spending this year. In exchange, the President is offering roughly $400 billion in entitlement savings next year without any specific details. The President's proposal is a complete disconnect from the economic realities we face and takes us one step closer to the fiscal cliff. Increasing spending and raising tax rates on Americans would only add to our fiscal crisis. We are in this fiscal mess because our country faces a spending problem. Hoosiers should not be asked to give more of their hard-earned dollars to Washington if Washington doesn't make a commitment to change its spending habits. To avert the fiscal cliff, the President must work with Congress to create a serious and balanced plan that would cut massive deficit spending, reform our tax system and restructure entitlement programs, which are the biggest drivers of our national debt. Raising tax rates on Americans, as some have suggested, will discourage job creators from hiring and will not solve our fiscal crisis. While I remain concerned about the lack of progress in talks to avert the fiscal cliff, I am still hopeful that we can tackle these issues just as our country has overcome other challenges throughout our history. As leaders of both parties work to find an agreement, I will continue to fight for meaningful bipartisan fiscal reforms. _____ Pack the Pantry This holiday season, December 5 to December 8, I am partnering with The Children's Museum of Indianapolis to help make life a little easier for families by packing the pantry at the Ronald McDonald House. A child battling a critical illness or injury is one of the most difficult challenges for a parent. Fortunately, the Ronald McDonald House of Indiana makes it possible for families to stay together when a child is receiving treatments at the Riley Hospital for Children at IU Health. I encourage Hoosiers in the Indianapolis area to participate in our 'Pack the Pantry' food drive and help us ease the burden for parents while they focus on their child's health. Click here <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fissues%2ffooddrive> or on the image below to learn more about how you can assist families in need by helping "Pack the Pantry." <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2fissues%2ffooddrive> Coats in the News Coats Introduces Legislation to Help River Ridge <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fnewsan dtribune.com%2fclarkcounty%2fx1752037876%2fCoats-introduces-legislation- to-help-River-Ridge> Skepticism Over Rice From GOP Moderates Clouds Possible Nomination <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fwww.ro llcall.com%2fnews%2fskepticism_over_rice_from_gop_moderates_clouds_possi ble_nomination-219466-1.html%3fpos%3doplyh> _____ Stay Connected <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fwww.fa cebook.com%2fpages%2fSenator-Dan-Coats%2f180671148633644> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2ftwitte r.com%2fSenDanCoats> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fwww.yo utube.com%2fSenatorCoats> _____ <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2f> Senator Coats with Indiana State Representative Randy Frye. <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fnewsroom%2fphotos%2fcoats-tours-countrymark-refinery> <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fwww.co ats.senate.gov%2f> Senator Coats joined the American Red Cross at the "Holiday Mail for Heroes" event to sign cards for our troops, veterans and their families. _____ Unsubscribe Contact Me <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2fcontact%2f> Latest News <iqs3.solutions.lmit.com/iqextranet/iqClickTrk.aspx coats-iq&crop=14633.7718934.5182286.7189397&redirect=http%3a%2f%2fcoats. senate.gov%2f> <iqs3.solutions.lmit.com/iqextranet/Customers/quorum_coats-iq/iq trk.gif?crop=14633.7718934.5182286.7189397>
 

Dear Friend,

Thank you for signing up to receive my email newsletter. These newsletters will cover a variety of topics, including events happening in Indiana, legislation being considered in Congress, and my perspective on current issues. My hope is to keep you updated and informed on how issues in Washington may impact Hoosiers. I welcome your feedback.

Thanks for reading,
Dan Coats


Averting the Fiscal Cliff 

When taking office, I pledged to you that I would work to bring Hoosier values to Washington and do everything I can to keep this country from fiscal collapse.

Right now, we are staring at the edge of a fiscal cliff. On January 1, if Congress and the White House don’t act, a wave of tax hikes will hit all Americans and impede economic growth.

This week, the President offered his plan to address the fiscal cliff. He proposed more than $1 trillion in tax revenue primarily by raising tax rates and $50 billion of stimulus spending this year. In exchange, the President is offering roughly $400 billion in entitlement savings next year without any specific details.

The President’s proposal is a complete disconnect from the economic realities we face and takes us one step closer to the fiscal cliff. Increasing spending and raising tax rates on Americans would only add to our fiscal crisis.

We are in this fiscal mess because our country faces a spending problem.

Hoosiers should not be asked to give more of their hard-earned dollars to Washington if Washington doesn’t make a commitment to change its spending habits.

To avert the fiscal cliff, the President must work with Congress to create a serious and balanced plan that would cut massive deficit spending, reform our tax system and restructure entitlement programs, which are the biggest drivers of our national debt. Raising tax rates on Americans, as some have suggested, will discourage job creators from hiring and will not solve our fiscal crisis.

While I remain concerned about the lack of progress in talks to avert the fiscal cliff, I am still hopeful that we can tackle these issues just as our country has overcome other challenges throughout our history. As leaders of both parties work to find an agreement, I will continue to fight for meaningful bipartisan fiscal reforms.


Pack the Pantry

This holiday season, December 5 to December 8, I am partnering with The Children’s Museum of Indianapolis to help make life a little easier for families by packing the pantry at the Ronald McDonald House.

A child battling a critical illness or injury is one of the most difficult challenges for a parent. Fortunately, the Ronald McDonald House of Indiana makes it possible for families to stay together when a child is receiving treatments at the Riley Hospital for Children at IU Health.

I encourage Hoosiers in the Indianapolis area to participate in our ‘Pack the Pantry’ food drive and help us ease the burden for parents while they focus on their child’s health.

Click here or on the image below to learn more about how you can assist families in need by helping "Pack the Pantry."

Coats in the News

Coats Introduces Legislation to Help River Ridge

Skepticism Over Rice From GOP Moderates Clouds Possible Nomination


Stay Connected

     



Senator Coats with Indiana State Representative Randy Frye.


Senator Coats joined the American Red Cross at the "Holiday Mail for Heroes" event to sign cards for our troops, veterans and their families.


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