Legislative update - Senate Budget Committee considers Democratic budget 

March 14: Senate Budget Committee Chairwoman Patty Murray (D-WA) today proposed a fiscal 2014 budget resolution that calls for the Finance Committee to raise tax revenue $975 billion over the next decade.

The proposed resolution does not specify any particular tax increases, leaving the choice of provisions to the Finance Committee. The committee met for a second day to consider amendments.

House Budget Committee

The Senate Budget Chair’s mark stands in contrast to the resolution approved Wednesday by the House Budget Committee.


The House resolution calls on the Ways and Means Committee to report legislation that would have the effect of reducing the deficit $1 billion over 10 years, but without increasing revenue relative to current law.


The House budget calls for tax reform that would reduce the top corporate and individual tax rates of 25%.

Senate Budget release

In a narrative explaining Chairwoman Murray’s proposal, the committee said:


It is the clear intent of the Senate Budget that the savings found by eliminating loopholes and cutting unfair and inefficient spending in the tax code not increase the tax burden on middle class families or the most vulnerable Americans who already have sacrificed greatly in recent deficit reduction efforts. These savings should come only from the wealthiest Americans and biggest corporations. The Senate Budget also fully supports the goal of comprehensive tax reform, whether pursued through the reconciliation process or as a separate effort, if it is done in a way that is consistent with the revenue and progressivity goals of this budget.



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