Congress debates budget resolutions
Hillary Clinton (D-NY)
The Senate and House hammered away Thursday at proposed fiscal year 2009 budget resolutions.
The Senate voted for some of President Bush's tax cuts and against renewin others. Meanwhile, the House Thursday continued to debate a Democratic proposal.
Democrats in both houses of Congress have proposed resolutions that would exclude $196 billion in cuts to Medicare and Medicaid spending, as proposed by President Bush. The resolutions also would increase spending on many domestic programs by raising taxes in three years - after Bush's tax cuts expire. The proposals would produce surpluses in a few years, Democrats say.
The Republicans' plans would seek to balance the budget through continued tax breaks for married couples, those with children and those who inherit multi-million dollar estates. These tax breaks likely would come at the expense of Medicare, Medicaid, nursing home care, housing and community development, which would all receive substantial cuts in funding.
Presidential hopefuls Sens. Hillary Clinton (D-NY) and Barack Obama (D-IL) and presumptive Republican nominee Sen. John McCain (D-AZ) were in Washington, D.C., Thursday to vote on the measures.