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Defense Industry Wants Higher Taxes To Avoid Cuts

"The very real possibility that defense programs will suffer deep, across the board spending cuts early next year has major defense contractors and their allies making an unusual plea to members of Congress: Put everything on the table to avoid the so-called sequester — including higher taxes.

That might not sound like an extraordinary ask. But it's typical for incumbent interests to leave all questions of ways and means to Congress. And given the defense industry's enormous power and historic alignment with the GOP, it could have enough force to finally break the GOP of its anti-tax absolutism...".* The Young Turks host Cenk Uygur breaks it down.

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Added: Aug-14-2012 Occurred On: Aug-14-2012
By: Ripper727
In:
Politics
Tags: The Young Turks, Cenk Uygur, gop, tea party, Defense, tax,
Location: United States (load item map)
Marked as: approved
Views: 1289 | Comments: 10 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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