The ranking Democrat on the House Ways and Means Committee said Tuesday that the Obama administration's proposed 28% cap on tax expenditures should be considered as a source of additional revenue in upcoming fiscal fights, but warned it should be viewed with caution.

Speaking at a breakfast sponsored by the Christian Science Monitor, Rep. Sander Levin, D-Mich., was emphatic that any alternative to the automatic across-the-board federal government cuts known as sequestration should be balanced and include revenue as well as spending cuts.

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