Senate narrowly passes budget resolution

By one vote, the United States Senate was able to pass its first budget in four years. The 50-49 vote includes $1 trillion in new revenue by closing some tax loopholes on the wealthy. The passage is largely symbolic, since the vote was for a non-binding resolution that will no doubt clash with the budget resolution to be passed by the Republican-majority House of Representatives.

robert hurt

Robert Hurt: The Senate plan to address the fiscal cliff

Robert Hurt

As you may know, on New Year’s Day, the House of Representatives received a proposal from the United States Senate regarding the actions it wished to take to address the fiscal cliff. While I was pleased that the Senate finally offered a proposal of its own to address this crisis, I was disappointed that our colleagues in the Senate waited until the last minute and sent us a proposal that does not address our spending problem.