Q13 FOX Season of Giving

Stark choice in dueling budget plans

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 WASHINGTON — The two budget proposals now in Congress present Americans with a choice even starker than the one between the presidential candidates last year.

Under the 10-year budget plan released by House Republicans this week, tax rates would fall for high-income Americans and corporations, defense spending would be bolstered, and more than 30 million uninsured people would lose access to government-backed healthcare. Food stamps, student loans and free school lunches for children would be cut.

obama 03-13-13

Courtesy of Fox News

The Senate Democrats’ plan, released Wednesday, would increase taxes on the wealthy and some corporations, cut the Pentagon budget and add $100 billion in highway and school construction spending. Their plan would make modest reductions in healthcare and other domestic programs.

The Republican plan would not only balance the budget by 2023, but produce a surplus. The Democrats would reduce deficits to a level they see as sustainable, although red ink would continue to flow at about $500 billion annually by 2023.

To read the complete Los Angeles Times story, go here.

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3 comments

  • Jon

    why cant their be a combo plan. Cut corporate tax so they can hire more and instead of increasing military spending use that money to build roads, schools, and fund education? Because that would require concessions by both parties!

  • Darrell

    Stop spending Obama, only buy the things required to carry on business. Contraceptives and free cell phones should not be a part of any government business. We are truly led by fools at the White House.

  • Thinker

    It’s easy to spend money when it’s not yours.

    Also, this news piece is highly biased in its proposal presentation. Isn’t the news supposed to be unbiased?? Especially regarding political leaders?? Or does that only apply to ones the media collectively doesn’t like?