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Defense Industry Wants Higher Taxes To Avoid Cuts

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Published on Aug 13, 2012

"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.

*Read more here from Brian Buetler at Talking Points Memo: http://tpmdc.talkingpointsmemo.com/20...

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