Login or Register
Welcome , Settings |  Logout

Senate Rejects Ryan Budget

Thursday, 21 Mar 2013 09:53 PM

 

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

The Senate has soundly rejected a balanced budget plan authored by House Budget Committee Chairman Paul Ryan.

Five Republicans joined every Democrat present to kill the measure, which failed on a 40-59 vote.

The GOP's most ardent tea partyers, Rand Paul of Kentucky, Ted Cruz of Texas and Mike Lee of Utah, opposed the measure, which projects a balanced budget in a decade but relies on $600 billion-plus in tax revenues on the wealthy enacted in January to do it.

Susan Collins of Maine and Dean Heller of Nevada also opposed the Ryan plan, which cuts sharply from safety net programs for the poor and contains a plan to turn the Medicare program for the elderly into a voucher-like system for future beneficiaries born in 1959 or later.

© Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
Around the Web
Join the Newsmax community.
Register to share your comments with the community. Already a member? Login
Note: Comments from readers do not necessarily reflect the viewpoint of Newsmax Media. While we attempt to review comments, if you see an inappropriate comment you can block it by rolling over the comment, clicking the down arrow and selecting "Flag As Inappropriate."
blog comments powered by Disqus
 
Email:
Country
Zip Code:
 
You May Also Like
Around the Web
 
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved