Republicans continue insisting today that the only acceptable way of averting the sequester is to replace its scheduled spending cuts with nothing but more spending cuts elsewhere. No new revenues. Period, full stop.
President Obama continues to demand a mix of spending cuts and new revenues via the closing of loopholes, and yesterday he called on Congress to agree on a short term package of cuts and tax reforms to temporarily delay the sequester cuts, since they could cripple the recovery. GOP leaders shot this down, because they continue to refuse to countenance any new revenues. As John Boehner put it today: “The American people believe that the tax question has been settled.”
Meanwhile, other Republicans are taking other steps to avoid agreeing to new revenues. Republicans on the Senate and House Armed Services Committee will unveil a plan today to avert the sequester for one year by paying for it with … a 10 percent across the board reduction in the federal workforce. (That would do wonders for the recovery.)
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