Washington (April 14, 2003) - House lawmakers, voting primarily along party lines, narrowly approved a budget which housed some $550 billion in tax cuts through 2013 and the measure now awaits Senate approval.

House members voted 216-211 for the $2.27 trillion budget, which for the most part, the budget preserves President Bush’s previously announced plans to jump-start the economy via massive tax cuts.

The budget also raises the nation's legal debt limit nearly $1 trillion.

While the members of the GOP lauded the approval, Democrats such as House Minority Leader Nancy Pelosi, D-Calif., called the budget a “national disgrace.”

-- WebCPA staff

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