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Three ways that Democrats would avoid the sequester

The Washington Post

Wednesday, September 12, 2012

Like the House Democratic plan, President Obama’s 2013 budget would raise taxes on the richest Americans and eliminate loopholes for corporations and oil companies to raise revenue. But Obama would cut $360 billion from Medicare and Medicaid, “primarily from reduced payments to drug companies and health care providers,” explains Kaiser Health News.

Obama’s plan would reduce the deficit by a similar amount as Van Hollen’s, but “the primary differences are that the House Democratic Budget does not include any specific policies for Medicare or Medicaid (whereas Obama’s budget does) and that it assumes that all war spending is zeroed out after FY 2014,” says Steve Bell, an economic policy director at the Bipartisan Policy Center.

2012-09-12 00:00:00
The Washington Post