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Mike Pence Criticizes Tax Cut Deal (VIDEO)

12/16/10 07:34 AM ET   AP

Mike Pence Tax Cut

WASHINGTON — Republican congressman Mike Pence says he won't vote for the massive tax cut package coming before the House on Thursday, because he believes it "will do little to create jobs."

Pence, the No. 3 House Republican, tells NBC's "Today" it is a "tough call" because no Republican wants to see taxes go up.

But he says the package's two-year extension of Bush-era tax cuts, negotiated between President Barack Obama and Senate Republicans, "is not going to create investment."

Pence says Congress needs to "take a breath" and vote on making the tax cuts permanent.

Most of the objections to the bill have come from liberals protesting its extension of tax cuts for the wealthy. But some conservatives have recently raised objections to its temporary nature.

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Filed by Whitney Snyder  |