The Senate Budget Committee Thursday approved, 12-10, a 10 year Democratic budget plan that aims to slash the federal deficit by $1.85 trillion.
The Democratic-dominated committee's plan is expected to be debated by the full Senate last week.
It would raise about $1 trillion in new taxes while cutting an equal amount in anticipated spending. It would add back $100 billion for economic stimulus, in infrastructure, education and other programs.
Republicans spent the day Thursday trying to amend the package, but their efforts failed to derail the Democratic effort.
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