We can't solve our country's budget problems with a meat-ax.
Sequestration isn't just dumb, it's dangerous and irresponsible. Blunt, across the board cuts are hurting our children, our seniors, our veterans – the people who need our help the most.
Last week, Congress stepped in to restore full funding for air traffic controllers to keep our country moving. But our children, seniors, and veterans shouldn't have to get stuck on a tarmac before Congress pays any attention.
People with cancer or families dealing with autism or Alzheimer's shouldn't be ignored. Flight delays are bad for all of us, but it's also bad for all of us when we cut funding for Meals on Wheels and Head Start. And it's bad for all of us when medical research gets sidelined and when young scientists' work can't get funded.
The truth is that we could end those cuts and put a stop to sequestration right now if we just made big corporations, millionaires, and billionaires pay their fair share.
That's why I'm joining Sen. Sheldon Whitehouse to sponsor legislation that repeals sequestration by ending the tax giveaways and special breaks for our most profitable companies and millionaires.
Washington is rigged for the big guys -- the ones who can afford to hire an army of lobbyists, lawyers, and accountants to create and find the loopholes and special breaks that let big corporations off the hook for paying taxes.
- It's rigged for the five biggest oil companies, which made $118 billion in profits last year -- and yet still collected billions of dollars worth of government subsidies.
- It's rigged for multinational corporations, which get tax breaks to ship U.S. jobs overseas and stash their investments abroad.
- And it's rigged for hedge fund managers and billionaires, who pay lower tax rates than their secretaries.
The Job Preservation and Sequester Replacement Act closes corporate tax loopholes so everyone pays a fair share. And it implements the Buffett Rule so that people who make more than $1 million a year pay it forward so the next kid has a chance to make it big.
This is a sensible way to deal with our financial problems. But I need your help to build national support that puts pressure on Congress to pass the plan.
We've stood up to the most powerful special interests before and won. Often it's an uphill battle -- and we don't always win.
But we fought to get to the Senate to stand up for programs like Head Start, Meals on Wheels, and medical research when not enough people in Washington do. And now is no time to stop fighting.