WASHINGTON (AP) — Senate Democrats have pushed a budget through committee that calls for roughly $1 trillion in new tax revenues over the coming decade and increases spending slightly over current projections.
The vote in the budget committee Thursday night was 12-10 along party lines. The blueprint is expected to be on the Senate floor for a vote next week.
The plan written by Budget Committee Chairwoman Patty Murray of Washington state reduces deficits for the next three years before red ink is projected to begin rising again.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
