Before the recess, and in the midst of the FAA debate, Majority Leader Reid introduced and placed on the Senate calendar S. 788, a bill to cancel the sequester. Instead of a serious debate about priorities, this bill proposes a fake offset – the war spending gimmick – for the higher spending that results from canceling the sequester. Unfortunately, Senator Reid has misled the American people in his attempts to portray his bill as common sense and a responsible way to budget. It is neither.
All indications are that Democrats will propose a sequester delay that is just more taxes on hardworking taxpayers. The total raised by these tax increases in one year would be $11.1 billion. The sequester’s size in 2013 is $85 billion. These taxes raise $101 billion over 10 years, compared to the Budget Control Act’s sequester and lowered discretionary spending of $995 billion.
Last week, Senator Grassley set the record straight on Senate Democrats’ false charges of Republican obstructionism on judicial confirmations. The Ranking Member’s call for an end to the “crocodile tears” from Senate Democrats was warranted.