Friday, March 30, 2012

House ready to OK GOP budget, rejects rival plans

(AP) ? Republicans are ready to muscle a $3.5 trillion budget through the House that showcases their election-year vision of slicing agency spending, revamping Medicare and rejecting President Barack Obama's call to raise taxes on the rich.

The deficit-cutting blueprint for 2013 is all but certain to pass the GOP-run chamber on Thursday.

First, there will be votes on a conservative proposal that cuts spending even deeper than the Republican plan would, and on a Democratic alternative that mostly leaves Medicare alone and boosts education and public works spending in an attempt to create jobs.

Both face sure rejection.

Wednesday night, lawmakers overwhelmingly killed a bipartisan package that relied on a compromise combination of higher revenues and spending cuts to reduce mammoth federal deficits. They also unanimously defeated Obama's budget.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2012-03-29-GOP%20Budget/id-6333c9672a2f4c7aa044099332c6cc18

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