The Senate’s third-ranking Democrat said Sunday that the upper chamber will pass a budget this year, something House Republican leaders have insisted as they’ve agreed to hold a vote on a short-term increase in the nation’s borrowing limit.
“In our budget that we will pass, we will have tax reform, which many of my Republican colleagues like. But it's going to include revenues,” Sen. Chuck Schumer (D-N.Y.) said on NBC News’s “Meet The Press.”
House Republicans last week proposed a vote on raising the debt ceiling for three months to give both chambers time to pass a budget for the next fiscal year. Under the proposal, if either chamber fails to adopt a budget by April 15, then that chamber’s members would then have their paychecks withheld.
Schumer’s remark that the budget will include revenue is notable, as is White House senior adviser David Plouffe’s comment on ABC News’s “This Week With George Stephanopoulos” that President Obama would not accept a budget without more revenue. Republicans have said the debate over taxes was completed in the recent deal to avert the “fiscal cliff." Thus, a battle over whether or not to include new revenues in a budget appears to be in the offing.