WASHINGTON (AP) — A familiar budget plan to sharply cut safety-net programs for the poor and clamp down on domestic agencies performing the nuts-and-bolts programs of the government is cruising to passage in the tea party-flavored House.
The Republican measure is advancing to the finish line in the House as the Senate starts a lengthy slog toward passage of a rival budget measure. It takes a sharply different view, restoring automatic cuts to agency budgets and increasing taxes by $1 trillion over the coming decade.
The dueling budget plans are anchored on opposite ends of the ideological spectrum in Washington, appealing to core partisans in the warring parties gridlocked over persistent budget deficits. President Barack Obama is exploring the chances of forging a middle path that blends new taxes and modest curbs to government benefits programs.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
