Senate Majority Leader Harry Reid (D-NV) backed up President Obama's speech Tuesday about avoiding the sequester by suggesting that the GOP's position that no new revenues are acceptable won't last.
“President Obama is right: to give our economy a foundation for growth Congress must replace the sequester with a balanced approach to deficit reduction. Senate Democrats will soon vote on a plan to temporarily replace the harsh austerity of the sequester with a combination of smart spending cuts and measures that close wasteful corporate tax loopholes and subsidies, and ask the wealthiest Americans to pay their fair share.
“But for Congress to act, Republicans must get off the sidelines. So far, Republicans have shown that they would rather let the sequester go into effect, or make even deeper cuts to Medicare, education and medical research, than close a single wasteful tax loophole. Republicans’ position is untenable, but only time will tell how many people must lose their jobs before Republicans listen to the overwhelming majority of Americans, and work with Democrats to forge a balanced approach.”