Just days away from the so-called "fiscal cliff" that would raise taxes for most Americans and trigger automatic government spending cuts, U.S. Sen. Pat Toomey, R-Zionsville, said there likely will be no compromise between political parties in Congress to prevent it.
His remarks on Thursday came following an introduction of newly confirmed U.S. Middle District Judge Matthew Brann.
Toomey reiterated his views from his last city stop on Dec. 14 when he announced details on helping to clothe homeless veterans.
"It's unlikely there will be a grand bargain," he said about the "fiscal cliff."
The senator said he doesn't want to see taxes raised on middle- and lower-income wage earners as a result of the financial crisis. That's just one part of the situation, Toomey said, while other aspects of the fiscal cliff can be dealt with separately.
"I'm going to fight as hard as I can to protect Americans from a tax increase," he said.
Toomey said he is not concerned that the financial markets would suffer as a result of going over the cliff. While investors remain edgy, he said markets already would have reflected their uneasiness.