Posted at: 01/20/2013 11:10 AM
By: Associated Press
The third-ranking Senate Democrat says Democrats will pass a budget proposal this year that includes new taxes and "our Republican colleagues had better get used to that fact."
Sen. Chuck Schumer of New York tells NBC's "Meet the Press" that his party's budget will also include tax law changes to attract support from both parties and bring down the nation's debt.
Congress is trying to figure out how what to do when the government hits its borrowing limit soon. Republicans have indicated they'll extend that borrowing authority for three more months, but insist on bringing down the debt.
Schumer says he prefers a longer extension so lawmakers aren't always dealing with the question.
The Democratic-controlled Senate last passed a full budget in 2009.