Senator Warren calls for repeal of sequester - CBS 3 Springfield - WSHM

Senator Warren calls for repeal of sequester

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SPRINGFIELD, MA (WSHM) -

U.S. Sen. Elizabeth Warren is advocating for the Job Preservation and Sequester Replacement Act.

This bill is being sponsored by Sen. Sheldon Whitehouse and would repeal sequestration by closing corporate tax loopholes and passing the Buffett Rule, which is a tax plan that calls for individuals making more than $1 million a year to pay a minimum tax rate of 30 percent.

If the bill passed, it would level the playing field so that middle class families, children and seniors would no longer support tax breaks for millionaires and billion-dollar companies.

Warren issued the following statement Tuesday:

"Sequestration is ugly.  It attacks our most vulnerable families, while it halts the investments that build our future.  This fight is about economics, but it is also about our values.  I am not willing to stand by while billion-dollar corporations benefit from tax breaks and funding for food assistance, education and medical research is slashed.  Republicans and special interests are working together to keep the game rigged in favor of the richest and most powerful corporations.  Head Start, Meals on Wheels, medical research, programs that support our veterans don't have lobbying muscle, but they represent the core of who we are.  I encourage my colleagues to support the Job Preservation and Sequester Replacement Act so that we can repeal the sequester immediately."

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