I do want to speak in support of the bill that is offered as our Democratic alternative. It is a balanced solution to preventing the dysfunctional, disruptive, across-the-board spending cuts called sequester. Sequester is a Washington word and a Washington invention we came up with during the budget crisis debacle in August of 2011, where we would cut $1 trillion over 10 years or $110 billion at a time. That was supposed to have been resolved through the supercommittee, but that didn't happen. It was supposed to have been resolved through the fiscal cliff, all the way up to New Year's Eve. What happened? We punted. We delayed for 2 months, and so here we are. While we are facing the Draconian implications of the sequester, we do have an answer. That answer is composed of a balanced approach, where we look at increased revenue and strategic cuts that will not cripple our economy nor weaken America's strength here or abroad. What does it do? Yes, it does go to increased revenue. The revenue we are talking about is to close these juicy loopholes, to end these outrageous tax earmarks that happen in the stealth of the night. Look, we got rid of earmarks on the Appropriations Committee. Let's get rid of tax earmarks on the Finance Committee, and this is one of the ways to do it. I want to compliment the Senator from Rhode Island, Mr. Whitehouse. He has done incredible research on just exactly what these cushy, lobbyist-driven tax breaks are.…
Share
More from Barbara Mikulski
I rise for a final time as the vice chair of the Appropriations Committee. Tonight, as we get ready to vote, these will be the last votes I will cast in the U.S. Senate. The ones we do today and possibly tomorrow will write my final…
I come to the floor as the vice chair of the Committee on Appropriations. That means I am the Democratic leader on appropriations for this session of Congress, and next to me is the distinguished Senator from Vermont, Mr. Leahy, who will…
it looks like this week is coming to an end in terms of legislative efforts--or the lack thereof--in the House and in the Senate. I want everyone to know what this week was. It seemed like the week of disruption. We had a filibuster in the…
First of all, thank you, to the Senator. I, in no way, want to impede this conversation. I didn't realize that you had asked for 45 minutes, and I really found these comments by the supporters of the bill really quite instructive, and I…





