AP: Senate Democrats Unveil Budget Blueprint Calling for New Taxes, Reversing Spending Cuts
Senate Democrats unveiled a largely stand-pat budget Wednesday that calls for $1 trillion in new tax revenues over the coming decade but actually increases spending, while protecting the party’s domestic policy priorities and adding $4 trillion more to the national debt than a slashing alternative from House Republicans.
The plan by Budget Committee Chairwoman Patty Murray, D-Wash., blends about $1 trillion in modest cuts to health care providers, the Pentagon, domestic agencies and interest payments on the debt with an equal amount in new revenue claimed by closing tax breaks.
But because Democrats want to restore $1.2 trillion in automatic spending cuts over the same period — cuts imposed by Washington’s failure to strike a broader budget pact — Murray’s blueprint increases spending slightly when compared with current policies.
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