Harry Reid: Replace Sequester With Alternative Spending Cuts And Tax Cuts

WASHINGTON — The top Democrat in the Senate says that lawmakers should redouble efforts to replace looming across-the-board cuts to the Pentagon and domestic programs with alternative spending cuts and tax hikes.

The comments by Majority Leader Harry Reid came amid increasing resignation among both Democrats and Republicans that the across-the-board cuts will soon take effect. The cuts were an element of the so-called fiscal cliff that was partially averted this month with the extension of Bush-era tax cuts.

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Harry Reid: Replace Sequester With Alternative Spending Cuts And Tax Cuts

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