Congressman John Shimkus (R, Illinois-19) supported House passage of a bill that would replace $78 billion of the sequestration's automatic cuts set to occur January 2, 2013, with other mandatory spending cuts in fiscal year 2013. The sequestration cuts are part of last year's Budget Control Act measures intended to reduce the deficit.
"The Budget Control Act calls for equal cuts to defense and other programs, since the super-committee was unable to reach an agreement. Secretary of Defense Panetta has called these cuts "devastating' to the military, and the Chairman of the Joint Chiefs of Staff has called them a "very high risk' to national security," Shimkus stated.
"The House has taken action today to reduce the effect on our defense and security forces by finding ways to save money elsewhere."
Some of the new savings comes from eliminating the Dodd-Frank "too big to fail" fund; repealing various Obamacare provisions; requiring proof of eligibility for SNAP; requiring proof (Social Security Number) to received the refundable child tax credit; and increasing pension contributions by federal employees among other items. These cuts will offset some of those prescribed under sequestration.
"Instead of facing across-the-board cuts, these are specific areas that won't harm our military and are targeted," Shimkus noted.
The bill passed the House and awaits action by the Senate.