Senate Dems Pass First Budget Since iPad… Will Increase Taxes by Nearly One Trillion Dollars
Senate Democrats passed its first budget in four years – since the release of the iPad – last night.
The Democratic plan will raise taxes by nearly a trillion dollars and will never balance.
The Hill reported:
The Senate early Saturday passed its first budget in four years by a vote of 50 to 49.
The close vote was a big victory for Senate Majority Leader Harry Reid (D-Nev.) and Senate Budget Chairwoman Patty Murray (D-Wash.), who had to overcome large differences within their caucus to push the resolution through.
Centrist Sens. Kay Hagan (D-N.C.), Joe Manchin (D-W.Va.), Joe Donnelly (D-Ind.), Mark Pryor (D-Ark.), Mark Begich (D-Alaska), Heidi Heitkamp (D-N.D.) and Max Baucus (D-Mont.) were all non-committal up until the end.
Baucus, Begich, Hagan and Pryor joined the entire GOP caucus in voting against the budget resolution. Sen. Frank Lautenberg (D-N.J.) missed the vote…
…All the Democratic senators who voted “no” are up for reelection in 2014 in states that voted for GOP nominee Mitt Romney.
The body approved a plan that relies heavily on $975 billion in new tax revenue to stabilize the growth of the national debt within the next ten years. The budget does not balance, however, and has a deficit of $566 billion in 2023.