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2010 Budget
04/29/2009
On April 29th, the House passed the Budget Conference Report (S.Con.Res. 13) by a vote of 233-193. The budget makes important investments to strengthen our economy and our country while cutting the deficit by nearly two-thirds by 2013. On April 2nd, the House passed the initial FY 2010 Budget Resolution, H.Con.Res. 85.
The budget conference report reflects President Obama’s economic plan, a blueprint for economic recovery and new jobs now—and sustainable economic growth and prosperity for years to come.
For the first time in years, we will have an honest budget that:
- creates jobs with targeted investments in affordable health care, clean energy, and education
- cuts taxes for middle-income families by more than $1.7 trillion over 10 years
- cuts the deficit by nearly two-thirds in four years
- cuts non-defense discretionary spending as a percent of the economy