FY 2012 Democratic Budget - Summary & Text
In the face of large deficits, the Republican budget nonetheless increases tax breaks for millionaires and extends tax breaks to oil companies and special interests that ship jobs overseas. It pays for these new tax cuts on the back of working Americans. It ends the Medicare guarantee for seniors and cuts support for seniors in nursing homes, disabled individuals, and low-income children who depend on Medicaid. It also slashes vital investments in education, public safety, research into cures and treatments for diseases, clean energy, and critical infrastructure. These Republican choices will cost American jobs while benefiting special interests and the wealthy. The Democratic budget rejects those priorities.