... President Obama has already proposed more spending cuts that the sequester would guarantee — including to Social Security and Medicare programs — if the Republicans would just agree to close certain "tax loopholes." ...
...The sequester fight is about protecting current low tax rates on capital gains and dividends and keeping open the carried interest loophole that hedge fund and private equity managers use to reduce their own tax burden.
In other words, President Obama would agree to greater spending cuts if only Republicans agree to raise revenue by spreading the tax burden more fairly. A compromise that included both spending cuts and new revenues would obviously reduce the federal deficit by significantly more than the sequester alone. ...Taegan Goddard, The Week
Phew! You went and smoked those critters right out of their holes there, mister!