Expect "More Revenues" In Senate Dem Budget

Posted: Jan 20, 2013 10:58 AM
On Meet the Press this morning, New York Sen. Chuck Schumer appeared alongside newly-elected Texas Sen. Ted Cruz to debate gun control and budget issues with David Gregory. He revealed what the American people can expect from elected Democrats: tax hikes.

"We're gonna do a budget this year," Schumer said, "and it's going to have revenues in it. And our Republican colleagues have to get used to that fact."

House Republicans announced this week that they'll bring a vote on raising the debt ceiling to the floor of the House of Representatives, but will attempt to use that opportunity to force Senate Democrats to vote - or at least attempt a vote - on a long-term operating budget for the United States government. The Senate hasn't passed a budget since April 29, 2009 - 1,360 days.

Schumer, for his part, welcomed the challenge - and said it was a "great opportunity" for Senate Dems to push for tax hikes above and beyond the tax hikes they got in the fiscal cliff legislation passed earlier this year.

Chuck Schumer was a surprising break from the White House this past year over tax hikes. Since it's incredibly expensive to live in New York, he thought President Obama's $250,000 threshold definition of "rich people" was too low. "Drawing the line at a million dollars is the right thing to do," Schumer said. "In the eyes of many, it is hard to ask more of household that make $250,000 or $300,000 a year. They are not rich and in large parts of country, that kind of income does not get you a big home or lots of vacations or anything else that's associated with wealth in America."