Reid: Replace Automatic Cuts in Short Increments

WASHINGTON (AP) -- The top Democrat in the Senate says that lawmakers should redouble efforts to replace looming across-the-board cuts to the Pentagon and domestic programs with alternative spending cuts and tax hikes.

The comments by Majority Leader Harry Reid came amid increasing resignation among both Democrats and Republicans that the across-the-board cuts will soon take effect. The cuts were an element of the so-called fiscal cliff that was partially averted this month with the extension of Bush-era tax cuts.

But the reprieve from spending cuts of 7 percent to the Pentagon and 5 percent to domestic programs was only temporary and will expire March 1.

Reid said the cuts should be replaced "in short increments" with spending cuts and revenues like repealing oil and gas subsidies that were discussed in earlier negotiations.


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  • Report this Comment On January 29, 2013, at 4:35 PM, mdk0611 wrote:

    So much for the 3:1 or more spending cuts to revenue increases that Simpson-Bowles, every other bipartisan group and (at least a few years ago) Barack Obama has said was needed. 600 billion in new revenues from the fiscal cliff deal and Reid goes right back to the well for more tax increases. And long term, he could get the 100% tax rate he desires and the country would STILL not be able to cover the entitlement program expenses as currently structured.

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