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Bipartisan Agreement Possible: Raising Taxes to Pay for Wars
From the New York Times:
Senator Lindsey Graham rode last week like Paul Revere from South Carolina's wooded upstate to its gracious Lowcountry to its sweltering midsection, offering a bureaucratic rallying cry for his military-heavy state - the defense cuts are coming.
On Jan. 2, national security is set to receive a heavy blow if Congress fails to intervene. That is when a 10-year, $600 billion, across-the-board spending cut is to hit the Pentagon, equal to roughly 8 percent of its current budget.
"The soft underbelly that I'm trying to exploit is, 'What does this mean to your state?' " he said.
The audience for that appeal could be forgiven for greeting it with a yawn. So far, at least, Congress is acting as if the constraints it imposed on itself last August will simply be ignored. The House in May approved an annual defense policy bill that authorized Pentagon spending $8 billion higher than spending caps approved in the Budget Control Act - without the automatic spending caps. The Senate Armed Services Committee stuck largely to those caps but included nothing to prepare for sequestration beyond ordering up a study of its potential impacts.
Military leaders in South Carolina came to the microphones of Mr. Graham's events, speaking of "insidious" impacts and "devastating blows." But pressed privately, Maj. Gen. Robert E. Livingston Jr., South Carolina's elected National Guard adjutant general, conceded: "We don't know what sequestration looks like. There hasn't been a whole lot of planning."
For now, Democrats and Republicans are waiting for the other side to blink. And the pressure may be working. Mr. Graham said the sentiment for raising revenues by closing tax loopholes or imposing higher fees on items like federal oil leases is expanding in his party.
Asked about the "no new taxes" pledge almost all Republicans have signed, he shrugged: "I've crossed the Rubicon on that."