Tulsa's Congressman Expects Automatic Budget Cuts
Unlessthere's a deal between Congress and the president, massive-federalspending cuts will hit the nation on Friday.Theywill slash $85-billion from the budget in a painful fashion.Whileeach side is blaming the other, for the deadlock, the nation'sfinancial issues aren't being addressed.Tulsa'snew congressman says the cuts will badly hurt Oklahoma, because muchof the slashing will hit the military.
Unfortunately,he's not optimistic that an agreement will be reached.
JimBridenstine says the Republicans agreed to new taxes two months ago.
Somany members of the GOP have no plans to go any further.Heblames the stalemate on President Obama for insisting that thefederal budget crisis be resolved with more revenue.Bridestinesays they can't keep offering more tax concessions until thepresident gets his way.Headds that this year the United States will have more revenue than anyother time in history, so income isn't the problem.Bridenstinealso warns that Mr. Obama wants to increase the taxes on thecommercial aviation business.
Hesays that would have a huge impact on jobs in this state.