GOP BUDGET PROPOSAL: House Republicans outlined a budget proposal that includes repealing so-called Obamacare, cutting domestic programs ranging from Medicaid to college grants and requiring future Medicare patients to bear more of the program's cost.
THE MESSAGE: The blueprint released Tuesday by Budget Committee Chairman Paul Ryan, R-Wis., was aimed at showing it's possible to balance the budget within 10 years by simply cutting spending and avoiding further tax hikes.
DEMOCRATS NEXT: Senate Democrats plan to offer a counterproposal on Wednesday with higher spending on domestic programs and additional tax hikes on top of the higher rates imposed on top-bracket earners in January.
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