Richard Burr: “2 years ago we extended the 2010 tax rates. Over a year ago, we passed the Budget Control Act, which will trigger…”

“2 years ago we extended the 2010 tax rates. Over a year ago, we passed the Budget Control Act, which will trigger sequestration unless we pass a budget reduction plan. The point is we have known about the fiscal cliff for a long time, and there has been no shortage of warnings about the dire economic consequences of doing nothing. But that is, in fact, what this body has done, nothing. So let me say this. There is a reason President Obama and my colleagues on the other side of the aisle are targeting the Romney plan and the Ryan plan and the Republican plan. It is because they do not have a plan. They do not even have an excuse for what this body has not done. The ACTING PRESIDENT pro tempore. The Senator from Kansas.”