On Tuesday night, Reid introduced the American Family Economic Protection Act, which will likely get a vote Thursday, to replace sequestration. BoehnerJohn BoehnerLobbyists bounce back under Trump Business groups silent on Trump's Ex-Im nominee Chaffetz won't run for reelection MORE pointed out Tuesday that last year the House passed two sequester-replacement bills so it was time for the Senate to "get off their ass."

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The Democrats’ $110 billion sequester replacement bill, S. 388, would avoid the $85 billion in automatic spending cuts set to take effect Friday, by raising nearly $55 billion in revenue through closing tax loopholes and cutting spending by an equal amount. It would phase in a new minimum tax on those making more than $1 million a year, close corporate tax loopholes, end direct farm payments and delay defense cuts. But Republicans have said they won't accept any tax increases.

Senate Republicans have been fighting about what their plan to replace the sequester will look like. Reid has given Republicans the opportunity to introduce just one bill as an alternative to the Democrats'. Neither is likely to pass.

“Once again Republicans are too busy fighting among themselves to get anything done,” Reid said. “Republicans seem poised to make the biggest mistake of all and let he sequester happen.”

Senate Minority Leader Mitch McConnellMitch McConnellTrump econ team to meet with congressional leaders on tax reform Compromise is the key to moving forward after Trump's first 100 days Juan Williams: Trump's 100 days wound GOP MORE (R-Ky.) countered that the Democrats’ plan is “a gimmicky tax hike,” which is unacceptable to GOP members.