Republican Substitute: The Budget Resolution for Fiscal Year 2009

(H.Con.Res. 312)

The Republican budget achieves balance by 2012 without raising taxes, and achieves repeal of the alternative minimum tax [AMT] by 2013. It supports the President’s request for national defense, boosts homeland security and veterans’ funding, and takes steps toward rescuing the Federal Government’s major entitlement programs – especially Medicare and Medicaid – from their currently unsustainable spending path. The budget also promotes accountability, imposing a moratorium on earmarks, and requiring votes on raising the debt, among other measures.

Read the full report here.