House Passes Paul Ryan 2012 Budget

 (Reuters) – The House of Representatives on Friday passed a budget plan for the next fiscal year that would cut federal spending by around $6 trillion over a decade and includes controversial long-term cuts to healthcare programs for the elderly and poor.

By a vote of 235-193, the Republican-controlled House passed the budget for fiscal 2012, which starts on October 1. It has been attacked by President Barack Obama and Democrats in Congress for cutting social programs while also reducing the tax burden for high-income earners.

The Senate is expected to unveil a much different budget plan in coming weeks.

Leave a reply

Don't forget to check out the recent podcast and subscribe! Stay alert and follow to know the moment the show is LIVE.

Disclosure of Material Connection: Some of the links found on this website are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my listeners and readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”