A somewhat technical but very important exchange took place on the Senate floor late Thursday morning, which you can file away for the next time you hear Republicans tut-tut Senate Democrats for not passing a sequestration replacement bill.Later today, the Senate will vote on whether to consider two sequestration replacement bills. Both will be set at a 60-vote threshold. One — the Democrats’ bill — would replace about a year’s worth of sequestration cuts with some better-targeted cuts to defense and agriculture and also with new revenue, largely by imposing the Buffett Rule, which imposes a minimum effective tax rate on millionaires.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=91686