Senator Warner says he likely will vote for the tax cut compromise negotiated between the White House and congressional Republicans, but he tells FOX News’ Neil Cavuto that he is leading a bipartisan group of about 20 Senators on a proposal to add provisions that will trigger a broad deficit-reduction and tax reform plan next year.
“I am not willing to play Russian roulette with the American economy and let the tax cuts expire,” Senator Warner said. "We should recognize that this is short-term stimulus. But if we don't create a path to long-term deficit-reduction, we're just borrowing another $900 billion."
Senator Warner also spoke with NPR's Scott Horsley today about the need to consider the debt and tax reform in the Bush tax cut debate.
You can listen to the podcast here. Senator Warner's segment starts about one minute in.