Lawmakers Consider Budget Proposals

By  | 

Capitol Hill (AP) – Thursday, both the House and Senate plan to vote on democratic budget plans.

All three major party presidential candidates plan to be on hand in the Senate. A Senate plan would put a one-year moratorium on spending for the pet projects of lawmakers known as earmarks. Republican John McCain and democrats Hillary Clinton and Barack
Obama all support the ban.

Both versions of the democrats' $3 trillion budget blueprints call for increases in domestic spending, which they say would boost the economy and create jobs. However, the proposal assumes that the major tax cuts approved under President Bush will expire as scheduled.

Republicans call that a massive tax hike.

Democrats say it would restore fiscal responsibility.