House of Representatives passes Cut, Cap, Balance Act
The Republican-controlled House of Representatives approved the Cut, Cap, and Balance Act, Tuesday night. The measure passed on a fairly party-line vote, 234-190.
Five Democrats voted for the measure, while nine Republicans voted against it. One of them was presidential candidate Michele Bachmann, who voted no because the bill did not repeal Obamacare. (Obama whacks Cut, Cap, Balance plan)
The CCB Act, which ties a vote to raise the debt limit to spending cuts and caps, as well as a balanced budget amendment, was expected to pass the House. It is likely to face an uphill battle in the Senate, and President Barack Obama has already promised to veto it, should it cross his desk.
In a statement following the bill’s passage, Speaker of the House John Boehner said, it is “exactly the kind of ‘balanced’ approach the White House has asked for.”
“House Republicans are the only ones to put forward and pass a real plan that will create a better environment for private-sector job growth by stopping Washington from spending money it doesn’t have and preventing tax hikes on families and small businesses,” Boehner added.
He continued: “The President should abandon his veto threat, and urge Senate Democrats to quickly pass the ‘Cut, Cap, and Balance’ plan to help get our economy back to creating jobs.”