Senate Democrats have a plan to replace the sequester through the end of the year ...Senate Democrats have settled on a final plan to replace 10 months' worth of sequestration cuts, aides said on Thursday.... but even if all 55 Democrats vote for the measure, the question is whether five Republicans will join with them to defeat an expected filibuster.The plan, called the American Family Economic Protection Act, pinpoints $120 billion of savings, spit evenly between cuts and revenues, that would replace the sequestration-designated cuts to defense and domestic spending until the end of December.
The plan calls for $65 billion dollars in cuts, half from military spending, and half by cutting subsidies to large agriculture businesses. It also calls for $55 billion in new revenue by enacting the Buffett Rule to make sure top earners pay at least as much as everyone else and by closing loopholes for oil companies and companies that ship jobs overseas.
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