Senate Budget Committee chairman Patty Murray, D-Wash., on Wednesday unveiled a fiscal 2014 budget resolution that would reduce the deficit $975 billion over 10 years by closing loopholes and eliminating wasteful spending in the federal tax code that benefits the wealthiest Americans and biggest corporations.
The budget proposal, which does not contain many details, also includes a $100 billion targeted jobs and infrastructure package that would fully paid for by the tax reforms. The text of the budget legislation refers to the possible financing of infrastructure projects with tax-credit bonds.
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