Having failed to avoid the sequester, Rep. Tom Reed, R-Corning, thinks Congress will do better when it comes to comprehensive tax reform.
In his weekly telephone press conference, Rep. Reed, a member of the tax-writing House Ways and Means Committee, said of the sequester, “The sun came up and the planes didn’t fall out of the skies.”
Congress and President Barack Obama would have had to agree on an alternative to the $85 billion in budget cuts before last Friday, when the sequester went into effect, to avoid the fallout. That did not happen. Congress adjourned on Friday and was not in session Monday, either.
Rep. Reed said he believes Congress and the president will manage to agree on a continuing budget resolution before the end of this month, when the country would run out of money, forcing a shutdown. It will pick up from where the budget was after the first round of $85 billion in cuts went into effect, he added.
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