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Dems Plan to Attack Oil Subsidies in Sequester Fight

Jan 30, 2013
(National Journal)

Top Senate Democrats plan to intensify their calls to repeal billions of dollars in subsidies enjoyed by oil and natural gas companies, this time as part of a strategy to soften the looming across-the-board "sequester" cuts to military and domestic programs.

"We believe that there are different ways of doing sequestration," Majority Leader Harry Reid told reporters on Tuesday, going on to say, "What we think would be a better effort would be to move forward and, on short increments, pay for the sequestration.”

And of ways to pay for that? Reid offered: "There are many low-hanging pieces of fruit out there that Republicans have said they agreed on previously. I'm not going to go into detail, but one of them, of course, is deal with oil companies."

Reid said Senate Democrats will get a specific presentation on "dealing with sequestration" at their issues retreat next week, which Senate aides said has been set in Annapolis, Md.