Republicans and Democrats spar over entitlement cuts

Share this article:

The U.S. Senate's vote rejecting Republicans' proposed 2012 budget — and all of its provisions to drastically overhaul Medicare and Medicaid — means both sides are back to debating how to best balance the federal budget.

House Majority Leader Eric Cantor (R-VA) offered a plan Thursday featuring a 25% top tax rate on corporations and individuals, compared to the 35% currently in place. He has also called for more domestic energy production and more government regulation of U.S. patent and visa systems, according to The Wall Street Journal. Meanwhile, President Obama revealed 30 plans to hold down federal regulation on American companies in order to save billions of dollars in costs.

But no one is taking Medicare or Medicaid off the table just yet. While privatization and cuts to Medicare remain unpopular, the Senate vote of 57-40 found only five Republicans voting against the proposed budget.

Share this article:

More in News

Bulk of Medicaid to be managed care in two years: Avalere

Bulk of Medicaid to be managed care in ...

More than three-quarters of Medicaid beneficiaries will be enrolled in a managed care plan as of 2016, according to an Avalere Health analysis released Thursday. The numbers reveal that managed ...

Nursing home asked for employee's personal information too often, jury rules

The human resources department of a Maine nursing home did not properly protect a former employee's personal identification information, a jury recently ruled.

Test could confirm sepsis within an hour

Nursing home residents might benefit from a new way of diagnosing and treating sepsis made possible by discoveries out of the University of British Columbia.