Schumer warns Republicans of higher taxes in the new budget plan
Linkedin

Schumer warns Republicans of higher taxes in the new budget plan

Washington : DC : USA | Jan 21, 2013 at 4:44 AM PST
XX XX
Views: Pending
 

Senate’s number-three Democrat, Chuck Schumer, told Republicans Sunday that they will get their much awaited budget proposal, but warned that it is likely to include higher taxes that Republicans oppose.

Obama has so far pushed for a balanced approach of dealing with the nation’s deficit, but Republicans have bitterly complained for years that if the president wants to raise the debt ceiling then he must also incorporate a spending plan in the deal as well. GOP officials have been insisting that the Senate Democrats give them a new federal budget that they had been denied for years. They also added a caveat to budge the Democrats that there will be "no pay for the Senators" if there is again no budget.

"We're going to do a budget this year," Schumer said hours before Obama officially began his second term. "And it's going to have revenues in it. And our Republican colleagues better get used to that fact."

Schumer’s announcement comes just a week after the House Republicans confirmed that they will approve a short-term increase in the nation’s borrowing limit without asking for spending cuts. The Democrats praised the Republican decision but insisted that the extension should be longer than three months, which the lawmakers were offering.

“We don’t want to play fiscal cliff every three months,” Schumer said.

The White House said that the officials are committed to produce what they call a "balanced approach". Obama’s senior advisor, David Plouffe, also said that the brief extension offered by the Republicans "is no way to run an economy or a railroad or anything else," though the president will take a closer look at Republican ideas when they are presented in the form of legislation.

When asked by ABC’s George Stephanopolous whether Obama will sign a budget deal only if it includes new revenues, Plouffe agreed. “We need spending cuts, entitlement reform and revenue. We have to have that.”

Plouffe said that the new Republican strategy allowing an extension to the government shows how weak the opposition has become since Obama won November elections. “This is a big departure for them, you know?” Plouffe said of Republican lawmakers’ change of course and at the same time referring to House Speaker John Boehner’s difficulty in rounding up enough votes in his republican caucus to pass his own party’s proposal.

1 of 1
Schumer warns Republicans of higher taxes in the new budget plan
Sen. Schumer warns Republicans of higher taxes in the new budget plan.
Wendy Zachary is based in Texas, Texas, United States of America, and is a Reporter for Allvoices.
Report Credibility
 
  • Clear
  • Share:
  • Share
  • Clear
  • Clear
  • Clear
  • Clear
 
 
 
Advertisement
 

News Stories

 
  • Schumer says Senate Democrats will pass budget

      The Boston Globe
    Senate Democrats intend to approve a budget for the first time in almost four years, a prominent lawmaker said Sunday, but he said it will call for higher tax revenues that Republicans are sure to oppose. Sen. Chuck Schumer, D-N.Y., also said an...
  • Schumer: Senate to offer rare budget

      United Press International
    Senate Democrats will draft a U.S. budget for the first time in four years, a key senator said, seeing this as "a great opportunity" to raise taxes on the rich. The budget blueprint will set the stage for a broad overhaul and simplification of the U.
  • Senate Democrats' budget plan will reopen battle over taxes

      Washington Post
    There's going to have to be some spending cuts, and those will be negotiated, Schumer, the No...The announcement comes days after House Republicans offered to forgo a potentially damaging clash over the federal debt limit, saying they would vote this...
  • Schumer says Senate Democrats will pass budget

      Arizona Republic
    The third-ranking Senate Democrat says Democrats will pass a budget proposal this year that includes new taxes and "our Republican colleagues had better get used to that fact." Sen. Chuck Schumer of New York tells NBC's "Meet the Press" that his...
  • Top Obama aide optimistic on immigration reform, less confident on new gun ...

      Star Tribune
    A top White House adviser said Sunday the stars seem aligned for Congress to pass comprehensive immigration reform this year, but he sounded less confident about prospects for toughening the nation's gun laws. White House Senior Adviser David Plouffe...
  • Schumer backs GOP debt ceiling concepts

      United Press International
    A Democratic U.S. senator said he supported the concept behind a Republican proposal that would require Congress to pass a budget on time. Sen. Chuck Schumer , D-N.Y., said on NBC's "Meet the Press" the proposal made by Senate Minority Leader Mitch...

Images

 >
 

More From Allvoices

Related People

Report Your News Got a similar story?
Add it to the network!

Or add related content to this report



Use of this site is governed by our Terms of Use Agreement and Privacy Policy.

© Allvoices, Inc. 2008-2014. All rights reserved. Powered by PulsePoint.