| The House approved Paul Ryan ??s final budget proposal Thursday that would shave more than $5 trillion of expected spending. Ryan, whose term as Budget Committee chairman expires later this year, offered a last fiscal framework that included his controversial overhaul of Medicare and other entitlement programs, while advocating a reduction of top individual tax rates down to 25%. Democrats blasted the proposal as a ??windfall tax break for millionaires. ? It would gut President Obama ??s Affordable Care Act, while maintaining the savings engendered through special taxes and cuts to Medicare providers, and it retained his call to transform the elderly health program into one in which seniors would receive payments from the government and purchase their insurance on the private marketplace. |
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