GOP budget plan targets Obama programs in push to roll back spending
House Republicans unveil a slashing budget aimed at repealing new health care subsidies and cutting a wide range of programs favored by Obama and Democrats. The White House rejects the plan saying it would harm the middle class as Ryan defends a stark difference in visions for government size and role. Obama says he will not seek a ten year balanced budget and prioritizes growth and jobs over balance.
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Budget proposals clash as House and Senate launch plans
House Republicans and Senate Democrats unveil competing budget blueprints this week as debates over taxes and spending intensify. Obama plans a proposal in early April, while sequester time frame pressures loom. The plans seek trillions in deficit cuts with mixed tax increases and entitlement reforms including Medicare and Social Security changes, and tax code overhauls to raise revenue without broad increases.
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