Wednesday, March 6, 2013

ACN Investigates: House Speaker John Boehner Claims Demcorats Have No Plan To Replace The Sequester

With no last-minute deal to avoid sequestration, the sweeping federal spending cuts have begun to take effect, and politicians have taken to the airwaves to explain where they stand.

House Speaker John Boehner appeared on Meet the Press on March 3, 2013, and told host David Gregory he and his fellow Republicans have done all they can to break the stalemate over deficit reduction. It’s now up to President Barack Obama and the Democrats, Boehner said.

"We've known about this for 16 months. And yet even today, there's no plan from Senate Democrats or the White House to replace the sequester," he said. "And over the last 10 months, House Republicans have acted twice to replace the sequester."

No plan? That didn’t sound quite right.



THE WHITE HOUSE PLAN



SENATE DEMOCRATS' PLAN

From PolitiFact:

On Feb. 26, Maryland Sen. Barbara Mikulski introduced the American Family Economic Protection Act of 2013, which would cancel the $85.3 billion sequester and replace it over several years with a mix of spending cuts and tax increases.

The bill proposes to cut $27.5 billion from the defense budget and another $27.5 billion from agriculture funding. It would raise $55 billion in new revenue by implementing the "Buffett Rule" (which sets a minimum 30 percent tax rate on income above $1 million) and ending tax deductions for oil companies.

On Feb. 28, the Senate voted on a motion to cut off debate, which would have brought the bill up for a full vote, but the motion failed 51-49 on a largely partisan vote (60 votes were needed to end debate).

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