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In a rebuke to one of the Senate’s most conservative members, they overwhelmingly rejected a proposal by Sen. Rand Paul, R-Ky., to cut even deeper than the House GOP budget and eliminate deficits in just five years.
The Democratic budget’s $975 billion in new taxes would be matched by an equal amount of spending reductions coming chiefly from health programs, defense and reduced interest payments as deficits get smaller than previously anticipated.
White House praises Senate-passed budget
The White House is praising the $3.7 trillion budget Democrats squeezed through the Senate early Saturday.
But spokesman Jay Carney isn’t raising too much hope for compromise with the GOP-led House, which previously passed a competing budget that makes deep cuts to social programs.
Carney says in a statement issued Saturday morning that the House budget — quote— “refuses to ask for a single dime of deficit reduction from closing tax loopholes for the wealthy and well-connected.”
He adds that President Barack Obama will work with both sides to see if there is an opportunity to reach a deal.
Although his major proposals are well-known, Obama has not yet released his budget for the coming year. That’s expected in early April.
Senate and House budget proposals compared
How the budget proposals by Senate Democrats and House Republicans stack up over the next decade:
Senate Democrats » $46.5 trillion
House Republicans » $41.7 trillion
Senate Democrats » $41.2 trillion
House Republicans » $40.2 trillion
Senate Democrats » $5.4 trillion
House Republicans » $1.4 trillion
National debt at end of 2023
Senate Democrats » $24.4 trillion
House Republicans » $20.3 trillion
Senate Democrats » $11.3 trillion
House Republicans » $11.3 trillion
Senate Democrats » $6.8 trillion
House Republicans » $6.7 trillion
Health, including Medicaid and the State Children’s Health Insurance Program
Senate Democrats » $6.6 trillion
House Republicans » $4.0 trillion
Senate Democrats » $6.0 trillion
House Republicans » $6.2 trillion
Income security, including housing assistance, cash benefits and food stamps
Senate Democrats » $5.6 trillion
House Republicans » $5.0 trillion
Interest on national debt
Senate Democrats » $5.2 trillion
House Republicans » $4.5 trillion
Veterans benefits and services
Senate Democrats » $1.7 trillion
House Republicans » $1.7 trillion
International Affairs, including foreign aid
Senate Democrats » $506 billion
House Republicans » $431 billion
Education, training, employment and social services
Senate Democrats » $1.1 trillion
House Republicans » $906 billion
Senate Democrats » $919 billion
House Republicans » $801 billion
Senate Democrats » $205 billion
House Republicans » $196 billion
Natural resources and environment
Senate Democrats » $474 billion
House Republicans » $385 billion
Community and regional development
Senate Democrats » $268 billion
House Republicans » $88 billion
This year’s projected deficit of nearly $900 billion would fall to around $700 billion next year and bottom out near $400 billion in 2016 before trending upward again.
Shoehorned into the package is $100 billion for public works projects and other programs aimed at creating jobs.
Associated Press writer Andrew Taylor contributed to this report.
Follow Alan Fram on Twitter: https://twitter.com/asfram
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