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House GOP Unveils $6 Trillion In Cuts For 2012 Budget

Thursday, April 07, 2011

House Republicans, lead by Rep. Paul Ryan (R-Wis.), this week proposed a reorganization of Medicare and Medicaid as part of $6 trillion in spending cuts for the next fiscal year budget. The cuts would occur over the next decade, with the plan also lowering the top income tax rate for individuals at 25 percent (currently 35%).

As a note, President Obama’s fiscal 2012 budget proposal called for $3.7 trillion in spending for next year, whereas Ryan's plan cuts $200 billion from that projection.

For additional a summary plan or the full report, as well as video and other detail, visit the website of the House Committee on the Budget here.

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