House Approves Sequester “Replacement” Bill

Posted on: September 14th, 2012 by NADO Admin

With the automatic, across-the-board cuts to federal spending (known as “sequestration”) only months away, the U.S. House of Representatives passed a Republican measure on September 13 that would address defense cuts in the upcoming sequester and require President Obama to issue an alternative spending reduction plan.

The GOP measure (H.R. 6365), which was passed 223-196, would require the president to submit to Congress by October 15 a plan to replace the defense cuts with other spending reductions—and would prevent the plan from including revenue increases. Once a proposal to replace the automatic cuts with other spending cuts is enacted, the bill would reduce the cap on discretionary spending for fiscal year 2013 by $19 billion and eliminate the separate caps for defense and non-defense discretionary spending—which would then allow Congress to approve higher levels of defense spending.

While the bill is unlikely to see Senate action and the White House has already threatened to veto it, the measure is symbolic and allows lawmakers to voice concern over the impending sequestration — the automatic cuts that would reduce federal spending by nearly $1.2 trillion over the next 10 years. This issue continues to be a major concern to the White House and Congress, as the first $109 billion in cuts is scheduled to take effect in January unless Congress acts to postpone or prevent the cuts.

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