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ProSense

(116,464 posts)
Sun Mar 3, 2013, 03:41 PM Mar 2013

Should the sequester be repealed or replaced? [View all]

Some information on the Democratic replacement:

<...>

If the bill would have become law, it would have replaced tens of billions of dollars in spending cuts set to take place this year with 10 years’ worth of deficit reducing tax increases and targeted spending cuts. The revenue would have come largely from individuals making over $5 million a year, by imposing a minimum “Buffett Rule” tax on their earnings. The cuts would have been divided evenly between agriculture subsidies and defense spending.

http://tpmdc.talkingpointsmemo.com/2013/02/republicans-block-sequestration-alternative.php


Republicans filibustered the bill, but Senator Reid voted against the bill so it's likely to come up again.

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=113&session=1&vote=00027


2 votes, 0 passes | Time left: Unlimited
Replace
1 (50%)
Repeal
1 (50%)
Not sure
0 (0%)
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