Washington's Next Brawl: Senate's Budget Plan
Schumer: A 'great opportunity' for new revenues
By Matt Cantor, Newser User
Posted Jan 21, 2013 10:16 AM CST
This Dec. 30, 2012 file photo shows Senate Majority Leader Harry Reid of Nev. walking to a closed-door meeting on Capitol Hill in Washington.   (AP Photo/J. Scott Applewhite, File)

(Newser) – So the fiscal cliff battle is over, and House Republicans look ready to approve a debt-ceiling increase through March. But taxes aren't out of the spotlight: Now, the stage is set for a tussle over Senate Democrats' budget blueprint, which Dems like Charles Schumer are calling "a great opportunity" to push for new tax revenue, the Washington Post reports. "There’s going to have to be some spending cuts, and those will be negotiated," he says. "But doing a budget is the best way for us to get revenues."

It will be the first time in almost four years that the Senate has carried out its budget-building requirement. Filibusters aren't allowed on budget bills, meaning the Democrats don't need Republican senators to back their plan. Both parties are also aiming to draft deficit-cutting, or reconciliation, bills, with Senate Democrats' version focusing on revenues via reduced tax breaks for corporations and the rich. In their version, House Republicans hope to cut federal health spending and reform the tax code, including tax rate cuts. "We’ll have tax reform," Schumer says, "but it’s going to include revenue."

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Showing 3 of 19 comments
reallybig
Jan 21, 2013 11:28 AM CST
WHAT? .... The "first" time the Democrat Senate will consider a budget that is required under the Constitution, but there's no penalty for not doing it, so Obama and the Democrats in Congress (in the last 4 years) refused to do it. --- The Democrats just keep lying and they'll never pass a budget, cause they want to keep raising the National Debt, without cutting spending. --- THESE Democrats want to spend and spend, and have Americas children for generations, pay for what they're spending now. --- The Democrats say, save the planet for our children, and save the "debt" they keep raising, for Americas children. --- Only a Democrat would think it fair, that Americas children pay for them electing the dumb-ass Obama, and paying the debt that he's responsible for. -------- REALLY
john09
Jan 21, 2013 11:00 AM CST
These teabaggers better not touch my welfare, food stamps and Medicaid.
Twiny
Jan 21, 2013 10:37 AM CST
I would hope to see some major cuts in the Military budget and Corporate Welfare, as well as some new revenue from tax-dodging multinational Companies and millionaires.