McCain: Delaying deal on defense cuts to lame-duck session would be ‘a disaster’

Sen. John McCainJohn McCainMcCain votes to advance ObamaCare repeal, replace after vowing to oppose Overnight Defense: House passes Russia sanctions deal | McCain returns to Senate | Watchdog opens criminal probe into M camo mistake Tough road ahead for McConnell on ObamaCare MORE (R-Ariz.) said Thursday that Republicans are “stretching out our hand” to Democrats to find a solution for stopping the $500 billion cuts to the defense budget set to take effect in January 2013.

McCain and a group of Republican senators said that a bipartisan solution is needed now to reverse the cuts from sequestration. Waiting until a lame-duck session is unacceptable, they said, because the Pentagon and defense industry already must begin preparing for the consequences.

“We are here today stretching out our hand and saying, 'Can’t we sit down and solve this issue?' ” McCain said at the third press conference he’s held on sequestration since December.

“I have never seen a lame-duck session that ended up in anything but a disaster. For us to somehow say, ‘Ok, we’ll wait until after the November election,’ is crazy,” McCain said.

Both Republicans and Democrats do not want sequestration to go into effect, but the two sides remain unwilling to budge on taxes.

When asked if he was willing to put tax increases on the negotiating table Thursday, McCain said: “Of course we are against tax increases.”

Democrats say that Republicans must be willing to give on tax increases to find the $1.2 trillion in revenue reduction that could replace the sequester, while Republicans say that taxes cannot increase and entitlements must be on the table.

The $500 billion in cuts through sequestration were put in motion when the supercommittee failed to create a deficit-reduction plan. Most people don't expect movement on sequestration until after the election.

Sen. Marco RubioMarco RubioMexican politicians have a new piñata: Donald Trump Bush ethics lawyer: Congress must tell Trump not to fire Mueller The private alternative to the National Flood Insurance Program  MORE (R-Fla.) said that national defense should not fall victim to a "game of chicken over an ideological issue like taxes.”

“They’re willing to say that if we don’t concede the tax increases they’re willing to gut America’s national defense,” Rubio said of Democrats. “I think that’s a very dangerous proposition to take.”

But Senate Armed Services Committee Chairman Carl LevinCarl LevinTrump and GOP wise to keep tax reform and infrastructure separate Former senator investigated man in Trump Jr. meeting for money laundering Dems abuse yet another Senate tradition to block Trump's agenda MORE (D-Mich.) said that every deficit-reduction plan since former President Reagan has included revenues.

“Revenues have to be on the table including tax increases on upper-income folks,” Levin said. “There’s no way you can do serious deficit reduction without including a significant amount of revenues, including, I believe, a tax restoration on the upper bracket.”

Levin told The Hill that McCain has not met with him yet about plans to fix sequestration.

McCain and Sen. Jon Kyl (R-Ariz.) have a bill that would undo the first year of sequestration by cutting the federal workforce, but no Democrats have signed on.

Kyl said at the press conference that “we’re open to any ideas — this has to be a bipartisan exercise.”

“We would sit down with them and find out what they’re specific proposals are, then we’d be willing to negotiate,” McCain said. “Of course we are against tax increases, but we also are dedicated to the proposition of solving this problem.”