House passes federal budget crafted by Rep. Todd Young, House Budget Committee03/29/12
The House of Representatives on Thursday passed on a 228-191 vote a federal budget for FY2013 that was crafted in part by Rep. Todd Young and the House Budget Committee.
“When you look at the problems facing our country—whether its jobs and economic growth in the short term, or our national debt and out-of-control spending in the long term—I don’t think Congress has a more important duty than to lay out a clear set of priorities and solutions,” said Young. “Our budget accomplishes that, and it addresses our problems in a responsible and gradual manner. I hope others begin to do the same thing so that we can path up the plans and priorities, find common ground, and come up with real answers to these challenges.”
The House passed budget, among other things, cuts more than $5 trillion relative to the President’s budget; reforms the U.S. tax code by lowering rates and closing loopholes; strengthens safety net programs like Medicare while empowering individuals to choose between traditional Medicare coverage and a market-based option; and prevents the $1.9 trillion tax increase in the President’s Budget Request.
On Thursday night, the House voted unanimously, 414-0, against the President’s Budget Request.