Posts Tagged ‘Senate’

The United States Senate passed its first budget in four years Saturday by a vote of 50-49. This budget proposes to increase tax revenue by $1 Trillion. However, it does little to reduce the overall federal deficit. This plan will reduce the deficit by $1.85 Trillion over the next 10 years, compared to Congressman Paul Ryan’s plan to reduce the deficit by $4.6 Trillion in the same period. Neither of these budget proposals are likely to pass the opposing house, but this may pave the “pathway to compromise.”

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