Hopes for a vote on a Fiscal Cliff deal Sunday evening were dashed when Senate leaders reached an impasse.
Congressmen Mo Brooks, of Alabama’s 5th Congressional district, and Robert Aderholt, of the 4th Congressional district, told WHNT News 19 they were not sure of the specifics holding up the Senate.
They both attended a conference Sunday night for GOP House members to hear the latest on the negotiations.
“The House has already passed a bill that would prevent all aspects of the Fiscal Cliff. It would prevent the tax increases and sequestration. We’re waiting on the Senate to act,” said Brooks.
A Senate vote is now scheduled for Monday evening.
Brooks and Aderholt say they want to come to a solution, but agree there are some measures that would prevent them from agreeing to a deal.
“Whatever legislation comes forth that protects as many taxpayers as I can protect, that’s what I’ll vote for. I hope it will be a clean bill, which is limited to the tax increase issue,” said Brooks. “When they add a bunch of other issues to the list that makes it complicated and increases the risk I will vote differently.”
Brooks and Aderholt are wary of raising taxes on those who make more than $250,000 a year, and don’t see the newly suggested $400,000 threshold as much better.
While ideally the Senate and House will pass a deal before Tuesday, Aderholt says he isn’t worried about if they do go over that Fiscal Cliff.
“Even if we hit up against that deadline, Congress can still fix it. Sometimes I think people lose sight of the fact that we can do things retroactively. That’s always a possibility,” said Aderholt.
If a deal is not reached, income taxes, dividends taxes, FICA rates, capital gains taxes, and estate taxes are all set to go up after January 1st. Defense spending would also automatically be slashed by $500 billion.