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U.S. House passes $49.9 billion in spending cuts
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Contributor | RP |
Last Edited | RP Nov 18, 2005 03:04pm |
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Category | News |
News Date | Friday, November 18, 2005 07:10:00 AM UTC0:0 |
Description | The U.S. House of Representatives on Friday narrowly voted to trim social programs for the poor along with farm subsidies, student loans and other federal benefits as part of a $49.9-billion package of spending cuts.
The "deficit-reduction" plan passed the House by a cliff-hanger vote of 217-215, with all Democrats and 14 Republicans voting against the Republican-authored bill.
About 12 hours earlier, however, 22 Republicans joined with Democrats to defeat a spending bill that would have cut $1.4 billion in health, education and labor programs this year.
Democrats argued that by the time Congress wraps up its work for the year, Republicans will actually add to the U.S. deficit if they push through about $60 billion in tax cuts.
Rep. John Spratt of South Carolina, the senior Democrat on the House Budget Committee, said: "After the tax cuts are passed, there won't be a dime to pay for (hurricanes) Katrina or Rita." He noted that the Republican budget calls for a $781 billion increase in U.S. borrowing authority. |
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