Return to Washington Examiner Homepage
May 25, 2013 | 10:06 PM
politics
Washington D.C. weather
Politics

Balance: Sequester cuts government budget by same percentage as payroll tax hike hit families

February 27, 2013 | 10:39 am
Leave a comment

Senate Minority Leader Mitch McConnell, R-Ky., put the sequester in perspective this morning, noting that the law will lower federal spending to the same degree that the payroll tax hike lowered the size of each American’s paycheck in the fiscal cliff deal.

“It’s absurd to think that the government cannot get by with a little more than a 2 percent reduction in spending when every working American had to figure out how to make due with 2 percent less in their paychecks last month,” McConnell said on the Senate floor this morning.

Sequestration cuts the federal budget by 2.4 percent over the next decade, while the payroll tax increased by two percent earlier this year when President Obama and lawmakers opted not to extend the payroll tax holiday that had been in place.

“Normal folks must adjust their budgets,” McConnell quoted one constituent as saying, “so must the government.”

From WeeklyStandard.com

  • What the Data Didn’t Show

    Baltimore The presidential ambitions of Maryland governor Martin O’Malley have taken a hit after a federal investigation uncovered a sordid sex-drugs-and-racketeering ring festering right...

    Read More...

  • Do Not Disturb

    Harry Truman famously kept a sign on his desk in the Oval Office, “The Buck Stops Here.” Sixty years later, President Obama hangs a sign on the door to the Oval Office, “Do Not Disturb.”...

    Read More...

  • Citizens, Not Customers

    "We provided horrible customer service,” outgoing acting commissioner of the IRS Steven Miller told the House Ways and Means Committee on May 17, referring to evidence that his agency had...

    Read More...