House, Senate Poised to Adopt Pared-Back Budget

WASHINGTON (AP) - Democrats in the House and Senate are on track
to give President Barack Obama a key victory by adopting slightly
pared-back versions of his $3.6 trillion budget.
Both versions are expected to pass today.
Meanwhile, Republicans in both chambers are putting forward
alternatives that are more generous with tax cuts and stingier with
spending.
None of the plans -- Obama's, House and Senate Democrats', or
the competing GOP outlines -- would succeed in tamping down the
deficit much below $500 billion within five years.
Also, the budget blueprints provide little guidance on how to
craft subsequent Obama initiatives to reshape the U.S. health care
system or combat global warming.
Congressional budget resolutions are nonbinding blueprints that
set the parameters for legislation to follow.


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Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Diane Location: Mt.Sterling on Apr 4, 2009 at 11:34 AM
    Kellie, prove it. There is not plan to give rich people more tax breaks. Besides, this administration considers anyone with a decent job rich. The middle class tax cuts are scheduled to expire by 2010. You need to do your research. And realize that the rich actually pay most of the taxes in this country anyway.
  • by Jerry Adams Location: USA on Apr 3, 2009 at 11:31 AM
    "The American people will never knowingly adapt socialism. But, under the name of "Liberalism", they will adopt every fragement of the Socialist program, until one day America will be a socialist nation, without knowing how it happened." Norman Thomas, U.S. Socialist Party Presidential candidate 1940, 1944 & 1948.
  • by Kellie on Apr 2, 2009 at 08:22 AM
    Did anyoue see the GOP plan they want to cut taxes AGAIN for the extremely rich.It is sad,very sad.

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