Senate passes first budget in 4 years

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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.”

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  • Cecilia

    Harry Reid should be sued for not passing a budget within these four years. It’s against the law not to pass a budget and this man does not care just like Obama. These Democrats all they want to do is tax the people. If you really think about it the Democrated states are not doing good and the Republican states are doing better because they care about the American people. And I am a Democrat and I did not vote for Obama, both times because I never saw him accomplish anything. I vote for who I think will do a good job for our country.

  • 318mopar

    The Democrats don't how to balance a budget or run a business, all they know how to do is to increase job killing taxes and job killing over regulation.

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