Congress Passes Budget With Cuts in Medicaid and in Taxes

A $2.56 trillion federal budget for 2006 that aims to trim the growth of Medicaid by $10 billion over five years.

Mr. DeLay said, "This is the budget the American people voted for when they returned a Republican House, a Republican Senate and a Republican president to the White House last November." Democrats derided the budget as misguided, saying it would slash spending on programs for the most vulnerable members of society, give lavish tax cuts to the wealthiest Americans, force veterans to spend more on health care and deepen the deficit, instead of reducing it, as Republicans contend it will. Although the budget resolution is nonbinding, it is important because it provides an economic blueprint that lawmakers can use to pass specific tax and spending legislation later in the year. For instance, the resolution assumes $106 billion in tax cuts over the next five years, and explicitly directs Congress to enact legislation providing for $70 billion of those cuts. The intent, its authors say, is to extend Mr. Bush's tax cuts on capital gains and dividend income.


The New York Times > Washington > Congress Passes Budget With Cuts in Medicaid and in Taxes

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