Senate Majority Leader Harry Reid (D-Nev.) on Thursday morning said Republicans’ claim that they are "looking out for the people" in the debate over raising the debt ceiling is both “ridiculous” and “preposterous.”

“Democrats believe all Americans, including those who can afford private jets and yachts, should contribute to the collective effort to reduce the deficit,” said Reid. 

“The question is, why aren't Republicans willing to do the same?” he asked. "They say it's because they're looking out for the people. That claim ... is ridiculous. This claim is without foundation. It's really preposterous.”

The Senate on Thursday is debating a non-binding “sense of the Senate" resolution that would recommend that those who earn $1 million or more each year pay a greater share of taxes.