On Thursday afternoon the House of Representatives passed the Sequester Replacement Reconciliation Act (HR 5652). Congressman Tim Huelskamp, a member of the House Budget Committee, voted for the legislation that includes $316 billion in proposed cuts and reforms over the next decade, and $39 billion in total spending cuts in Fiscal Year 2013. The legislation suspends the sequester, or automatic cuts, created by the Budget Control Act (August 2011 debt deal), but only for FY13.
"Although I supported this bill because of the additional mandatory spending reductions and limited tax reforms, it is imperative we fulfill all the cuts in the sequester," said Congressman Huelskamp said. "However, as I warned during both the August debt deal and the most recent budget debate, I fear Washington is on a path to undo even the minimal cuts they agreed to when they raised the debt ceiling by a massive $2.1 trillion. If President Obama and Congress do agree to a spending level higher than promised last August, then they have not only once again misled the public, but also threaten the economic future of multiple generations of Americans."
Congressman Huelskamp voted against the Budget Control Act in August because he believed the cuts did not go far enough and because there were not enough structural changes to actually force Washington to cut current spending, cap future spending, and work toward a balanced budget.