WH, Reid still push tax hikes over sequestration

To avoid the spending cuts required under sequestration, both the White House and Senate Democrats indicated they will continue to push over the next year for tax increases on the wealthy in exchange for undoing the defense spending cuts required under current law.

“We will achieve the more than $2 trillion in deficit reduction we agreed to in August,” Reid wrote yesterday in USA Today. “Without a balanced plan to reduce the deficit by at least as much, I will oppose any efforts to change it.” Reid also blasted Republicans for trying “to to end Medicare as we know it.”