Competing federal budgets move through Congress
March 16, 2013 at 9:00 amCategory:NC Budget and Tax Center
In the latest development in our nation’s interminable federal budget wars, both the House and Senate passed very different plans for the 2014 budget out of committee this week, and both plans now await floor action next Wednesday. The first plan, proposed by Senate Budget Committee Chairwoman Patty Murray, represents a balanced approach that includes new revenues, while the second plan—proposed by House Budget Committee Chairman Paul Ryan—represents an irresponsible approach that gives tax cuts to the wealthiest Americans while enacting deep cuts to those public investments that help children, seniors, and the most vulnerable.