On the recordFebruary 28, 2013
Rick's departure from the Senate Armed Services Committee comes during a trying time for our Nation's military, as deep across-the-board spending cuts are set to strike hundreds of thousands of civilian employees at the Defense Department who will be furloughed in the coming weeks and months. Families and businesses across the country are also bracing for the pain of deep cuts in programs that keep our food safe, our water clean, and our borders secure. But it is not too late to avert these damaging cuts, and cuts for which the overwhelming majority of Republicans in both the House and Senate voted--174 in the House, 28 here in the Senate. We believe we have a balanced plan to remove the threat of the sequester, fully paid for. Our proposal would reduce the deficit by making smart spending cuts, and it would also close wasteful tax loopholes allowing companies that outsource jobs to China or India to claim tax deductions for doing so. Our plan would stop wasteful subsidies to farmers, some of whom don't even farm anymore. That is right, there are some farmers who grew rice decades ago, who still get payments from the Federal Government for rice they do not grow. Chairman Stabenow has led the effort to make sure that won't happen anymore, and that is part of our legislation. Our bill would also ask the wealthiest among us--those making, for example, $5 million a year--to pay a minimum of 30 percent in taxes. I don't think that is too outrageous.…





