MinnPost.com: Democrats reiterate support for top-tier tax increases as deficit reduction debate heats up
The Senate was scheduled to have this week off after the Fourth of July holiday. Instead senators are back in Washington, and the federal budget is the topic taking center stage.
A group of Democrats, including Minnesota's Al Franken, affirmed their support for higher top-tier taxes Wednesday, a day before a non-binding resolution calling for higher taxes on millionaires could hit the Senate floor. The senators' endorsement of such plan came just after the chair of the Senate Budget Committee introduced his colleagues to a left-leaning budget plan that relies almost equally on tax increases and spending cuts to trim the federal deficit.
Speaking at a Capitol news conference, Franken and a handful of other Senators targeted the Republican House budget plan, contending the budget cuts Medicare funding at the expense of tax breaks for the wealthy. The group painted Republicans as supporters of tax cuts for, among other things, "yachts, race horses and gold mines."
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