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Scalise releases conservative caucus budget with big spending cuts, repeal of January's tax hikes
Source:
nola.com
- Mar 18, 2013
y Bruce Alpert, NOLA.com | Times-Picayune
on March 18, 2013 at 3:09 PM, updated March 18, 2013 at 3:38 PM
WASHINGTON - Less than a week after House Budget Committee Chairman Paul Ryan, R-Ky., released a budget that Democratic critics called too draconian, the House conservative caucus Monday offered its own spending plan that offers even bigger spending cuts.
The Republican Study Committee's proposal would create a "premium support" system for Medicare for people age 59 and younger, five years earlier than Ryan, and balance the budget in four years. Ryan's proposal doesn't balance the budget until 2023.
Like the Ryan plan, seniors under the RSC proposal would have the option of receiving federal aid to purchase private insurance, or choose traditional Medicare.
The RSC, chaired by Louisiana Republican Rep. Steve Scalise, would also in its budget eventually raise the retirement age for full Social Security benefits from 66 to 70.
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Category: General Business
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