Contact Us

Senate Democrats Craft Bill To Avert Budget Cuts

Alex Wong/Getty Images

WASHINGTON (AP) — Top Senate Democrats have prepared a plan to slice the Pentagon’s budget by $3 billion a year in an attempt to avoid far steeper cuts this year that defense hawks warn would cripple the military.

Majority Leader Harry Reid hopes to stage a vote on the measure before $85 billion in automatic budget cuts start to strike in March.

But Republicans are likely to block the measure because it contains a 10-year, $47 billion tax increase known as the “Buffett Rule” that would require people with million-dollar incomes to pay a minimum 30 percent income tax. The rule is named after billionaire investor Warren Buffett.

Democratic aides say the plan is unofficial but is expected to be released later this week. The aides required anonymity since the plan isn’t public.

Best of K2 Radio

Recommended For You

Around the Web

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://k2radio.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a member? Sign up here

Register on K2 Radio quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Sign up to have exclusive K2 Fan Club contests, events, coupons, presales, and much more delivered to you for FREE.