Competing visions for the federal budget
Senate Democrats and House Republicans have offered vastly different federal budget blueprints in their opening bids for fiscal 2014.
Senate Democrats propose raising nearly $1 trillion in new taxes and cutting roughly $1 trillion from projected spending. The plan would add $5.2 trillion to the federal deficit over 10 years, about $1.8 trillion less than currently projected.
House Republicans would slice $4.6 trillion from projected spending, largely by repealing President Obama's health-care law and cutting Medicaid. Aided by additional revenue from the year-end fiscal cliff deal, the GOP plan would balance the budget, producing a small surplus by 2023.
Spending (House GOP)
Spending (Senate Dems)
Spending (current policy)
Revenue (House GOP and current policy)
Revenue (Senate Dems)
SOURCES: Congressional Budget Office, House Budget Committee, Senate Budget Committee. GRAPHIC: Katie Park and Karen Yourish - The Washington Post. Published March 13, 2013.
House Budget Chairman Paul Ryan says his budget proposal would eliminate the deficit within a decade. How does he close the gap?
Republicans and Democrats on Capitol Hill are drafting radically different budget blueprints.