Senate Democrats’ Budget: Won’t Reduce the Deficit but Will Raise Taxes

Senate Democrats are set to unveil their budget this Wednesday. Among the things expected in this new budget are higher taxes and no real effort to decrease the deficit.

“They have signaled that their budget will do more to raise revenue than to cut spending and that it will not end deficits.” (Senate Dems strain to get budget over finish line by Easter recess, The Hill, Erik Wasson and Bernie Becker, March 11, 2013)

“Senate Budget Committee Chairman Patty Murray (D-Wash.) plans to unveil her blueprint on Wednesday — and it’s not expected to do anything to erase the nation’s deficits.” (President Obama’s 3-day Capitol Hill stand (and what else is Congress doing this week) , Washington Post, Ed O’Keefe, March 11, 2013)

“It wouldn’t balance the budget anytime soon.” (Opening Budget Bids Set Parties’ Battle Lines, Wall Street Journal, Janet Hook and Kristina Peterson, March 10, 2013)

“We need substantially more revenue,” he said. (Bernie Sanders) “We are working on that right now.” (Senate Dems consider doing tax reform through budget reconciliation measure, The Hill, Erik Wasson, March 5, 2013)