MINNEAPOLIS (WCCO) – Sen. Al Franken is glad a compromise was reached to avoid the so-called Fiscal Cliff.
“What I liked in the plan was that we extended middle class tax cuts, and that we started to get our share from those who can afford it,” Franken said.
Franken said he wished the threshold was a little different — that it were $250,000 for a family, not $450,000.
“I think most Minnesotans don’t think of $450,000 as middle class,” he said.
He worries that Minnesotans are not getting the revenue needed to pay down the debt, and to invest in education, innovation and infrastructure.
He said the nature of these types of deals is that you have to compromise.
“It protected people on Medicare, Social Security — that I liked,” he said. “It extended unemployment insurance for Minnesotans who are still looking for work. It extended production tax credits for wind and bio diesel. That’s very good.”
Congress still has to vote on the deal.