The House approved a $3.44 trillion budget compromise resolution paving a clear way for President Obama's agenda. Not a single Republican voted for the compromise. Some highlights:
-- Health care reform on its way!!
-- Increases in non-defense discretionary spending are limited to 2.9% through 2014.
-- Keeps in place Obama's tax cuts, $400 for individual, $800 for couples but will expire after 2010.
-- Allows Bush's tax cuts for people making over $250,000/year to expire in 2010.
-- Requires pay-as-you-go system that would require new federal spending to be offset with budget cuts or tax increases.
In other news, Sarah 'Thanks but no thanks' Palin caved on her refusal to accept federal stimulus money. She had been refusing to accept federal money for education, health care and labor. She's such a sweety.
-- Health care reform on its way!!
-- Increases in non-defense discretionary spending are limited to 2.9% through 2014.
-- Keeps in place Obama's tax cuts, $400 for individual, $800 for couples but will expire after 2010.
-- Allows Bush's tax cuts for people making over $250,000/year to expire in 2010.
-- Requires pay-as-you-go system that would require new federal spending to be offset with budget cuts or tax increases.
In other news, Sarah 'Thanks but no thanks' Palin caved on her refusal to accept federal stimulus money. She had been refusing to accept federal money for education, health care and labor. She's such a sweety.
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