House approves Republican deficit-cutting plan
WASHINGTON (AP) — Republicans pushed an election-year, $3.5 trillion budget through the House on Thursday that relies on biting spending cuts and a revamping of Medicare to curb massive federal deficits, drawing a sharp contrast with how President Barack Obama and Democrats would tackle the nation's fiscal problems.
House passage came on a near party-line, 228-191 vote. With its doom guaranteed in the Democratic-run Senate, the House measure was essentially a political stage on which Republicans showed voters how they would run Washington if they win control in the November elections — and Democrats fired back by doing the same.
The GOP plan features sharper deficit reduction and starkly less government than Democrats want. It would block Obama's proposal to boost taxes on the wealthy and would instead lower income tax rates while erasing many unspecified tax breaks. Obama's budget would raise taxes on families making above $250,000 and on oil and gas companies, add funds for roads and schools and cull modest savings from domestic programs.
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