Thursday, March 21, 2013

House Passes Ryan's Balanced Budget Proposal

With a vote of 227-201, the House of Representatives passed Paul Ryan's budget proposal.

It marks the third year in a row that the Republican controlled House has passed a budget that would guide the government to a balanced path.

While balancing the federal budget, over the next decade, Ryan's plan relies mostly on cuts, specifically in the form of repealing Obamacare.

Now it will head to the Democrat controlled Senate, where it is expected to be ripped apart and blocked from passing.

The Senate's Democrats are working on their own budget proposal, the first one they will make since President Obama took office.

Their proposal works almost completely on raising taxes.

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