Senate passes first budget in 4 years
Senate Democrats narrowly pushed through their first formal budget proposal in four years.
The proposal took more than 12 hours to pass by a 50-49 vote early Saturday morning.
The senate budget calls for a trillion dollars in tax increases by closing some tax breaks for the wealthy. It also calls to reverse automatic spending cuts that started to affect the pentagon and domestic programs.
Senate Budget Committee Chairman Patty Murray said the Democrats’ plan aims to reduce deficits by $1.85 trillion over 10 years.
The House passed a separate bill Thursday, sponsored by Congressman Paul Ryan to cut $5 trillion in spending, repeal the recent healthcare reform law, and overhaul medicare.
After the vote, Murray said she would try to work with Ryan on a path toward compromise.
“While it is clear that the policies, values, and priorities of the Senate budget are very different than those articulated in the House budget, I know the American people are expecting us to work together to end the gridlock and find common ground, and I plan to continue doing exactly that.”