In an attempt to draw a sharp contrast with House Republicans, Senate Democrats on Tuesday revealed important details of their own upcoming budget resolution — their first in four years — which represents a return to the negotiating position President Obama adopted after his re-election in November.The topline figures, according to a Democratic source familiar with the plan: $975 billion in targeted spending cuts, including the repeal of sequestration, and $975 billion in new revenue attained by closing tax loopholes on upper incomes. Combine that with $100 billion in new spending for a jobs package and the plan reduces the deficit by $1.85 trillion.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=91312