From The New York Times:
WASHINGTON — House Republicans on Wednesday offered a budget vision sharply at odds with the Democratic proposal, calling for sweeping tax cuts, major changes in Medicare and a suspension of the economic stimulus program.
The Republican plan, introduced after days of ridicule from Democrats about the absence of an alternative to President Obama’s proposal, would also freeze most domestic spending for five years, increase Pentagon spending, permanently extend the Bush-era tax breaks and eliminate any taxes on successful investments in 2010 as a way to spur the economy. Republicans said they would spend $4.8 trillion less than Democrats over 10 years.
“This is our budget, with real policies and real numbers,” said Representative Paul D. Ryan of Wisconsin, the senior Republican on the Budget Committee.