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Wednesday November 22nd, 2017 4:52PM

The Latest: House passes $4.1T budget plan

By The Associated Press

WASHINGTON (AP) — The Latest on the House GOP budget plan (all times local):

11:50 a.m.

The House has passed a $4.1 trillion budget plan that promises deep cuts to social programs and Cabinet agency budgets, but whose chief purpose is to set the stage for a comprehensive GOP overhaul of the U.S. tax code later this year.

The measure won approval along party lines.

The plan calls for more than $5 trillion in spending cuts over the coming decade, including a plan to turn Medicare into a voucher-like program for future retirees, slash Medicaid, and repeal the "Obamacare" health law.

But Republicans are not actually planning to impose any of those cuts with follow-up legislation that would be required under Washington's Byzantine budget rules. Instead, the motivating force behind the budget measures is the Republicans' party-defining drive rewrite the tax code.

___

4:06 a.m.

Republicans are focused on cutting taxes instead of deficits as they look to power a $4.1 trillion budget plan through the House on Thursday.

The 2018 House GOP budget promises deep cuts to social programs and Cabinet agency budgets but its chief purpose is to set the stage for action later this year on a comprehensive Republican overhaul of the U.S. tax code that is the party's top political priority as well as a longtime policy dream of key leaders like Speaker Paul Ryan.

The plan calls for more than $5 trillion in spending cuts over the coming decade, including a plan to turn Medicare into a voucher-like program for future retirees, slash Medicaid by about $1 trillion over the coming decade, and repeal the "Obamacare" health law.

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