Senate releases text of Reid's sequester replacement bill

Republicans have said the measure is a gimmick that would not lead to real savings, and they have called on Democrats to focus on cutting waste.

Earlier today, Senate Minority Leader Mitch McConnellMitch McConnellPeter Thiel does not make the GOP pro-gay Reid: Trump is a 'hateful con man' McAuliffe: Clinton won't move TPP without changes MORE (R-Ky.) said Reid's bill goes against President Obama's preferred plan of replacing the sequester with new taxes.

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