By Lori Montgomery, Sunday, January 20, 2:37 PM
Looks like the republican party are getting what they ask for...in spades.
<Senate Democrats plan to draft a budget blueprint that calls for significantly higher taxes on the wealthy, oil and gas companies and corporations doing business overseas, reopening a battle over taxes Republicans had hoped to lay to rest with the “fiscal cliff.”>
<“There’s going to have to be some spending cuts, and those will be negotiated,” Schumer, the No. 3 Democrat in the Senate, said in an interview after the show. “But doing a budget is the best way for us to get revenues.”>
<House Republicans are eager to draft a reconciliation bill to cut spending on federal health programs and to overhaul the tax code, in part by cutting rates. And Democrats are eager to draft a reconciliation bill that would raise additional revenue, in part by limiting tax breaks for wealthy individuals, oil and gas companies and multinational corporations.>
Senate Democrats’ budget plan will reopen battle over taxes - The Washington Post