The Senate narrowly passed a budget for the first time in four years on a mostly party line vote, calling for $975 billion in additional tax revenue over the next 10 years along with state sales tax collections on online sales.
The fiscal 2014 budget plan that passed the Senate after midnight Friday night has little in common with the Republican budget plan that passed the House last week and it is unclear how the two parties will reconcile them (see House GOP Passes Paul Ryan’s Budget Plan). The Obama administration has not yet released its budget blueprint.
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