|
Final House approval of the Ryan budget came after lawmakers rejected a series of alternatives. One proposed by the most conservative Republicans featured even sharper spending cuts and deeper deficit reduction. A clear majority of GOP lawmakers voted for that option, a bow to tea party activists who helped drive Republicans into the House majority in 2010. It was defeated because virtually every Democrat voted against it. Republicans then forced a vote on Obama's budget, which was rejected 414-0. Democrats worried that a "yes" vote would provide fodder for campaign ads accusing them of backing anything voters might dislike in the president's plan. Ryan's package would slice everything from food stamps to transportation and cut spending by $5.3 trillion more over the next decade than Obama's would. It envisions collapsing the current six income-tax rates into just two, with a top rate of 25 percent compared with today's 35 percent. It also would eliminate unspecified tax breaks. Democrats said they, too, were eager to stanch deficits that now exceed $1 trillion annually. But they said it needed to be done in a more balanced way, with rich and poor alike sharing the load. The GOP plan envisions repeal of the president's health care overhaul and sets a course for deep reductions for highway and rail projects, research and aid to college students and farmers, while easing planned defense cuts.
It also would cut taxes by $2 trillion more than the president's plan over that time, leaving Republicans seeking about $3.3 trillion in deeper deficit reduction than Obama. Drawing the most political heat was Ryan's plan for Medicare, the $500 billion-a-year health insurance program for older Americans that all sides agree is growing so fast its future financing is shaky. Both parties know that seniors vote in high numbers and care passionately about the program. Republicans would leave the plan alone for retirees and those near retirement, letting the government continue paying much of their doctors' and hospital bills. For younger people, Medicare would be reshaped into a voucher-like system in which the government would subsidize people's health care costs. Republicans say that would drive down federal costs by giving seniors a menu of options that compete with each other. Democrats say government payments won't keep up with the rapid inflation of medical costs, leaving many beneficiaries struggling to afford the care they need.
[Associated
Press;
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor