House approves Ryan's $3.5T budget

The GOP plan features sharper deficit reduction and starkly less government than Democrats want. It would block Obama's proposal to boost taxes on the wealthy and would instead lower income tax rates while erasing many unspecified tax breaks. Obama's budget would raise taxes on families making above $250,000 and on oil and gas companies, add funds for roads and schools and cull modest savings from domestic programs. CLICK TO READ MORE