Schumer: Dems Hold ‘High Ground’ On Sequestration Debate

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Sen. Chuck Schumer (D-N.Y.) predicted Sunday that Republicans would eventually accept Democrats’ combination of closing tax loopholes and spending cuts to replace sequestration.

Schumer characterized the GOP’s plan to offset the across-the-board cuts with other spending cuts and no new revenues as out of step with a majority of voters. The Senate Democratic Policy Committee chairman said Republicans’ preferred path caters to special interests and the wealthy.

“I think that the Democrats have the high ground both substantively and politically, and we will win on this issue. … I believe that just like on the ‘fiscal cliff,’ Republicans will come on board. They have no choice,” Schumer said on CNN’s State of the Union.

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