uicksilver workshopWASHINGTON, March 21 — Voting largely along party lines, the House early today narrowly approved a 10-year budget plan that would allow the deep tax cuts President Bush has proposed.
The Republican-controlled House approved its plan by a vote of 215 to 212. The legislation calls for a $2.2 trillion budget for the 2004 fiscal year that includes $726 billion in tax cuts that the White House has proposed.
This is a record high budget that some believe could seriously damage the economic outlook of the US for the foreseeable future. The budget DOES NOT yet include any funding for the ongoing war in Iraq. The Bush administration has told the American people and the US Congress that it would request even more money to pay for the present operations and any occupation afterwards.
Labels: budget, Congress, George W. Bush, iraq
