Days before the March 1 deadline, Senate Republicans are circulating a draft bill that would cancel $85 billion in across-the-board spending cuts and instead turn over authority to President Barack Obama to achieve the same level of savings under a plan to be filed by March 8.
The five- page document, which has the tacit support of Senate GOP leaders, represents a remarkable shift for the party. Having railed against Senate Democrats for not passing a budget, Republicans are now proposing that Congress surrender an important piece of its Constitutional “power of the purse” for the last seven months of this fiscal year.
As proposed, lawmakers would retain the power to overturn the president’s spending plan by March 22, but only under a resolution of disapproval that would demand two-thirds majorities in both the House and Senate to prevail over an Obama veto.
The proposal would require — like the sequester — that no more than $42.6 billion of the cuts come at the expense of defense programs. But the elaborate, almost Rube Goldberg construct is already provoking sharp criticism from Republicans and Democrats alike and reflects a political scramble to escape the fallout from the sequester.