Reid Statement On President Obama's Call For Action On Sequester

Statement

Nevada Senator Harry Reid released the following statement after President Obama called on Congress to replace the sequester:

"President Obama is right: to give our economy a foundation for growth Congress must replace the sequester with a balanced approach to deficit reduction. Senate Democrats will soon vote on a plan to temporarily replace the harsh austerity of the sequester with a combination of smart spending cuts and measures that close wasteful corporate tax loopholes and subsidies, and ask the wealthiest Americans to pay their fair share."

"But for Congress to act, Republicans must get off the sidelines. So far, Republicans have shown that they would rather let the sequester go into effect, or make even deeper cuts to Medicare, education and medical research, than close a single wasteful tax loophole. Republicans' position is untenable, but only time will tell how many people must lose their jobs before Republicans listen to the overwhelming majority of Americans, and work with Democrats to forge a balanced approach."

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