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House Passes $4.1T Budget Plan

House Passes $4.1T Budget Plan

October 05, 2017 01:42 PM

WASHINGTON (AP) - The House has passed a $4.1 trillion budget plan that promises deep cuts to social programs and Cabinet agency budgets, but whose chief purpose is to set the stage for a comprehensive GOP overhaul of the U.S. tax code later this year.
    
The measure won approval along party lines.
    
The plan calls for more than $5 trillion in spending cuts over the coming decade, including a plan to turn Medicare into a voucher-like program for future retirees, slash Medicaid, and repeal the "Obamacare" health law.
    
But Republicans are not actually planning to impose any of those cuts with follow-up legislation that would be required under Washington's Byzantine budget rules. Instead, the motivating force behind the budget measures is the Republicans' party-defining drive rewrite the tax code.
 

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(Copyright 2017 by The Associated Press. All Rights Reserved.)

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