Tags: Senate Democrats Mull Tax Increases

Senate Democrats Mull Tax Increases

Thursday, 31 Mar 2011 10:30 AM

By Dan Weil

Senate Democrats, upset with all the Republican-inspired spending cuts they will have to accept in the budget for the rest of fiscal 2011, are hoping to push back with tax increases in the 2012 budget, The Hill reports.

senate, democrats, tax, increasesDemocrats want to take a leadership role on the budget, instead of reacting to Republican initiatives. They plan to propose higher tax rates for millionaires, companies that shift factories abroad and rich people who make charitable contributions.

Debate on the 2012 budget will begin next week, when House Republicans are expected to outline their budget proposal. “I’m picking up that the administration will take its stand on the 2012 budget. The 2012 budget will have to have revenue raisers and mandatory cuts and hold the line on discretionary spending,” a senior Democratic senator told The Hill.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Mali's Islamists Withdraw Cease-Fire Pledge

Friday, 04 Jan 2013 13:06 PM

Tens of thousands of Fatah supporters rallied in the Hamas stronghold of Gaza on Friday for the first time since they we . . .

Fmr. CIA Director Hayden: Iran Nuclear Crisis Gets 'Scarier'

Tuesday, 17 Jul 2012 18:11 PM

 . . .

Join Fmr. CIA Director for Special Iran Briefing, Assess the Danger

Friday, 13 Jul 2012 12:27 PM

 . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved