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Indiana Senate Candidates Talk Bush Tax Cuts

By Network Indiana

Posted July 27, 2012

The debate in Congress over the looming expiration of the Bush tax cuts is spreading to Indiana‘s U.S. Senate race.

Democratic nominee Joe Donnelly called this week for a second one-year extension of the reductions. Republican opponent Richard Mourdock criticized that stance in an Indianapolis campaign stop. He says a short-term extension will feed the uncertainty he argues is causing a sluggish economic recovery to falter.

"If we were simply, simply to say the Bush tax cuts will be extended for the next 10 years, it would send a tremendous signal," he says. "But it‘s not a good thing doing what the Senate proposed to do, which is to hurt the very people who are going to create the jobs."

Mourdock and Donnelly both opposed the bill passed by the Senate this week to make the cuts permanent, except for taxpayers making more than $250,000 a year.

Mourdock argues the the growing deficit creates similar uncertainty. He slams the Democratic Senate for a, quote, "failure of leadership" in not passing a full federal budget for three years, and says Donnelly, who serves in the House, should have been more vocal about it.

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