Senate Democrats plan to draft a budget blueprint that calls for significantly higher taxes on the wealthy, on oil and gas companies and on corporations doing business overseas, reopening a battle over taxes that Republicans had hoped to lay to rest with the "fiscal cliff" deal.
For nearly four years, Senate leaders have ducked their legal duty to craft a comprehensive budget framework.
Now, however, Democrats see the budget process as "a great opportunity" to pursue additional tax increases — and to create a fast-track process to push them through the Senate, New York Sen. Charles Schumer said Sunday on NBC's "Meet the Press."