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Categorized | Legislation

Shared Sacrifice in Resolving the Budget Deficit

This evening, the Senate voted 69-27 to proceed to a cloture vote on S.1323, a bill to express the sense of the Senate on shared sacrifice in resolving the budget deficit. Senate Majority Leader Reid indicated that he would fill the amendment tree and file for cloture on the bill.

 

UPDATE:  On July 13, the Senate voted on a procedural motion to the “Senate of the Senate on Shared Sacrifice,” which that states that taxpayers who earn $1 million or more annually should “make a more meaningful contribution to the deficit-reduction effort.”  The Senate did not have the 60 votes necessary to close debate and consider the legislation.