Senate Approves First Budget in 4 Years, $1T Tax Hike in Marathon Vote
An exhausted Senate approved its first budget in four years early Saturday, calling for almost $1 trillion in tax increases over the coming decade while sheltering safety net programs targeted by House Republicans.
Despite the fanfare — and the spectacle of senators lingering for hours into the weekend to vote on dozens of amendments before the final tally — the budget passed by the smallest of margins, 50-49. Four Democrats facing tough re-elections voted against it.
The resolution also stands no chance of passing Congress in its current form. The nonbinding but politically symbolic measure caters to party stalwarts on the liberal edge of the spectrum just as the House GOP measure is crafted to appeal to more recent tea party arrivals.