Down To A Vote

Thursday, April 14, 2011 - 3:29pm

Congress set to vote on latest 2011 budget bill.

The House voted Thursday to approve the 2011 budget bill that averts a government shutdown.

59 Republicans voted against the bill, even though House Speaker John Boehner insisted he'd won $38 billion in cuts.

Grants to police get cut, along with health programs and the Environmental Protection Agency.

Still, there's an increase to the Pentagon budget.

Tea Party Republicans demand deeper cuts.

For 2012 and beyond, President Obama wants to cut the deficit by $4 trillion, in part with tax hikes on the top bracket.

"It's not appropriate to ask for sacrifices from everybody except from the 2% percent of Americans who are doing best," he argued in a speech laying out his plan on Wednesday.

There are no tax hikes are in the next Republican budget.

"Raising taxes on the very people that we expect to invest in our economy and to create jobs is the wrong move," Speaker Boehner counters.

That hard fought compromise on 2011 spending cut billions, but now we have to cut trillions.

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