November 23, 2014
WASHINGTON (AP) - Senate Democrats have pushed a budget through committee that calls for roughly $1 trillion in new tax revenues over the coming decade and increases spending slightly over current projections.
The vote in the budget committee Thursday night was 12-10 along party lines. The blueprint is expected to be on the Senate floor for a vote next week.
The plan written by Budget Committee Chairwoman Patty Murray of Washington state reduces deficits for the next three years before red ink is projected to begin rising again.
The measure contrasts sharply with a plan pushed by House Republicans that contains no tax increases, relying solely on cuts to balance the budget in a decade.