Senate Passes Budget With $1 Trillion From Closing Tax Loopholes

Posted by | March 23, 2013 12:09 | Filed under: Top Stories


It passed by just one vote.

The budget plan was passed by a 50-49 vote in the Democratic-controlled chamber. Four Democratic senators facing tough re-election campaigns in 2014 joined all the Senate Republicans in opposing the measure, which seeks to raise nearly $1 trillion in new tax revenues by closing some tax breaks for the wealthy.

The Senate budget, which reflects Democratic priorities of boosting near-term job growth and preserving social safety net programs, will square off in coming months against a Republican-focused budget passed by the Republican-dominated House of Representatives.

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Copyright 2013 Liberaland
By: Alan

Alan Colmes is the publisher of Liberaland.