Senate Democrats will soon release a bill to counter massive cuts from the looming sequestration. In short the bill will institute a minimum tax rate for millionaires and eliminate some tax subsidies, specifically those subsidizing crop insurance for large farms, a program the CBO says will cost upwards of $90 billion over the next decade.
Predictably, the Senate’s much criticized minority leader Mitch McConnell, has come out against the proposed bill saying,
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