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You are here: Home / Government Contracting News / Defense industry leans on Congress: Avoid cuts, even if it means more taxes

August 13, 2012 By AMK

Defense industry leans on Congress: Avoid cuts, even if it means more taxes

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.

Keep reading this article at http://tpmdc.talkingpointsmemo.com/2012/08/defense-industry-leans-on-congress—-avoid-cuts-even-if-it-means-more-taxes.php.

Filed Under: Government Contracting News Tagged With: budget cuts, compromise, DoD, industrial base, leadership, sequestration, taxes

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