Smith: Leadership on economic issues starts with the President

Third District Congressman Adrian Smith there probably is not enough time in the lame duck session to do a lot more than address the "fiscal cliff issues" facing the nation.

Smith admits the tax and entitlement reforms needed to reduce the nation's deficit and get the economy growing again can't happen in the short amount of time left before the end of the year. But he does say some kind of framework for addressing those issues can be agreed upon in the next thirty days and Smith says it starts with leadership from the White House. Smith says the President has not said what changes in Medicare and social security he would approve and what spending cuts he would agree on

Smith says the federal tax system is broken and the cost to comply with the complexities of the system is hurting the ability of business to expand and grow.

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