Skip to main content

Senate Majority Leader Harry Reid (D-NV) speaks during a joint news conference with Sen. Charles Schumer (D-NY)(L) and Senate Majority Whip Dick Durbin (D-IL) (R) on the Republican Filibuster of Reid's debt plan on Capitol Hill in Washington July 29, 2011
Senate Democrats have a plan to replace the sequester through the end of the year ...
Senate Democrats have settled on a final plan to replace 10 months' worth of sequestration cuts, aides said on Thursday.

The plan, called the American Family Economic Protection Act, pinpoints $120 billion of savings, spit evenly between cuts and revenues, that would replace the sequestration-designated cuts to defense and domestic spending until the end of December.

... but even if all 55 Democrats vote for the measure, the question is whether five Republicans will join with them to defeat an expected filibuster.

The plan calls for $65 billion dollars in cuts, half from military spending, and half by cutting subsidies to large agriculture businesses. It also calls for $55 billion in new revenue by enacting the Buffett Rule to make sure top earners pay at least as much as everyone else and by closing loopholes for oil companies and companies that ship jobs overseas.

Originally posted to The Jed Report on Thu Feb 14, 2013 at 12:56 PM PST.

Also republished by Daily Kos.

Tags

EMAIL TO A FRIEND X
Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags

?

More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site