Saturday, July 14, 2012

Reid:Taxes must be raised to avoid military cuts




The Columbia Daily Tribune. ^ | July 13, 2012 | AP

WASHINGTON (AP) — The Senate's Democratic leader insisted yesterday that if House Republicans desperately want to avert automatic cuts to the military, they have to compromise and make tax increases part of any solution.


In a biting letter to the GOP members of the House Armed Services Committee, Majority Leader Harry Reid, D-Nev., said he would like to come up with an alternative "sooner rather than later" to the $1.2 trillion across-the-board cuts in domestic and military programs that kick in Jan. 2. But Reid argued that it will only happen if the GOP relents on closing tax loopholes to raise revenue.


"Given your concern about sequestration, I would encourage you to focus your energy on convincing Republicans that forging a balanced compromise that protects the middle class is more important than adhering to the Tea Party's rigid, extreme ideology," Reid wrote.

(Excerpt) Read more at columbiatribune.com ...

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