No defense cuts are proposed in Obama, House plans

12/3/2012 | Defense News

Although they remain far apart on how to solve looming sequestration and the "fiscal cliff," President Barack Obama and GOP leaders agree on one thing: The Pentagon budget shouldn't be cut further. The White House's initial plan involves tax rate increases, some new taxes and a package of tax and domestic-program reforms, while the House Republicans' proposal raises revenue through closing tax loopholes and other changes. Neither side, so far, is proposing deeper defense cuts.

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