Democrats pitch budget alternative to avoid pending automatic cuts
(MCT) — WASHINGTON — Senate Democrats proposed a $110 billion plan Thursday to cut projected budget deficits and replace automatic spending cuts scheduled to take effect March 1.
The Democrats called for a combination of tax increases and cuts in projected spending, echoing President Barack Obama’s demand that any alternative include tax increases and but all but dooming it among Republicans. In fact, it may have worsened the prospects for avoiding the looming spending cuts.
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