U.S. House passes two-year bipartisan budget plan, 332-94.
Written by House Budget Committee chairman Paul Ryan and Senate Budget Committee chairman Patty Murray, the bill will provide $63 billion in temporary sequester relief and $85 billion in mandatory savings. That means the bill will reduce the deficit by $23 billion over the next ten years. Ryan says that’s a step in the right direction.
AUDIO: On the House floor on Thursday late afternoon, Ryan says constituents expect more from their leaders. :13
Ryan says they worked hard to find common ground. They went through the federal budget — “program by program, line by line.” The bill, Ryan says, will eliminate waste, cut corporate welfare, and make needed reforms to autopilot spending.
AUDIO: Ryan touts some benefits of this budget agreement. :19
Rep. Mark Pocan (D-Madison) was the only member of Wisconsin’s House delegation to vote against the plan. He released a statement after the vote:
“At the end of the day, the bill abandons 1.3 million Americans who desperately need unemployment insurance, and does nothing to promote economic growth or job creation. Furthermore, the legislation is paid for on the backs of the middle class and military families, while not touching the wealthiest amongst us and allowing corporations to continue to benefit from tax loopholes.”
The Senate will take it up next week.