Ryan’s Sequester Replacement bill heads to the floor

A proposal sponsored by Rep. Paul Ryan (R-Wis.) that would avert the coming budget sequester by replacing it with other spending cuts is expected to come to the House floor Thursday.
The bill, introduced in late April, would find over $240 billion in reductions from domestic and entitlement programs over the next decade in order to avoid most a slate of cuts to the Defense Department designed to take effect on the first of next year under the Budget Control Act.
It emerged from committee May 7 and is likely to pass in the House, though it likely won’t fare so well in the Senate.
The situation may get more complex once the bill hits the floor this week, however: The Hill reports late Wednesday that Democrats, led by House Budget Committee ranking member Chris Van Hollen (D-Md.) may introduce their own amendment to Ryan’s bill, finding a separate slate of cuts in farm subsidies and imposing taxes on wealthy Americans.
Human Events will bring you all the action as it happens.