Figures – Democrats Want to Increase Taxes By $1 Trillion

Patty Murray

Finally the Democrats have a proposed budget and it’s about what you’d expect – it would increase taxes by $1 trillion, spend more on stimulus and would not balance the budget.

The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget.

The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts.

The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training. (Read More)