Paul Budget Resolution - Vote Rejected (16-83, 1 Not Voting)
This budget resolution from Sen. Rand Paul, R-Ky., would set new FY 2013 budget authority at $3.084 trillion. According to the Senator, his resolution would balance the budget in five years and cut the national deficit by $2 trillion over ten years. It introduces means-testing requirements to Social Security and raises the retirement age to 70 by 2032. It would also means-test Medicare and raise the age of eligibility to 70 over a 20-year window. Senior citizens would be permitted to enroll in the Federal Employee Health Benefits Plan used by congressional Members and staff. The resolution would set a flat tax rate of 17 percent for all individuals and businesses and eliminate all credits and deductions except the child credit and mortgage interest deduction.
Sen. Daniel Inouye voted NO......send e-mail or see bio
Sen. Daniel Akaka voted NO......send e-mail or see bio
Lee Budget Resolution - Vote Rejected (17-82, 1 Not Voting)
The budget resolution from Sen. Mike Lee, R-Utah, would set new FY 2013 budget authority at $3.269 trillion. It purports to balance the budget by 2017 through myriad changes to entitlements and the tax code as well as reducing spending to 17.8 percent of GDP over ten years. It would establish a single 25% tax rate for individuals and businesses while eliminating the payroll, estate, and any investment taxes. Social Security would be means-tested and the retirement age would rise to 68. Medicare participants would be able to enroll in a “premium-support” or voucher program. Total Medicare spending would be capped at the level of the Consumer Price Index plus one percent. Medicaid would become a block grant program.
Sen. Daniel Inouye voted NO......send e-mail or see bio
Sen. Daniel Akaka voted NO......send e-mail or see bio
Agency Confirmation - Vote Confirmed (70-24, 6 Not Voting)
The Senate voted to confirm the nomination of Jeremy C. Stein of Massachusetts to the Federal Reserve Board of Governors.
Sen. Daniel Inouye voted Not Voting......send e-mail or see bio
Sen. Daniel Akaka voted YES......send e-mail or see bio
Agency Confirmation - Vote Confirmed (74-21, 5 Not Voting)
The Senate voted to confirm the nomination of Jerome H. Powell of Maryland to the Federal Reserve Board of Governors.
Sen. Daniel Inouye voted Not Voting......send e-mail or see bio
Sen. Daniel Akaka voted YES......send e-mail or see bio
Export-Import Bank Reauthorization - Vote Passed (78-20, 2 Not Voting)
This bill would extend the charter of the Export-Import Bank of the United States through FY 2014. It would allow the bank’s lending limit to rise incrementally to $140 billion (from $100 billion currently). Following House passage last week, the Senate cleared this bill for the president’s signature, narrowly avoiding the May 31 expiration of the bank’s charter. Passage followed several failed amendment votes, among them a vote to terminate the bank within one year.
Sen. Daniel Inouye voted YES......send e-mail or see bio
Sen. Daniel Akaka voted YES......send e-mail or see bio
“Obama” Budget Resolution - Vote Rejected (0-99, 1 Not Voting)
The Senate unanimously rejected this budget resolution, which was the GOP’s interpretation of President Obama’s FY 13 budget proposal. It would set new FY 2013 budget authority at $2.982 trillion. This marks the second time Senate Republicans have introduced what they call the president’s budget for a floor vote, and the second time the proposal has failed to garner a single “yea” vote. This was the first of five budget resolutions the Senate voted on last week, each one a “messaging” vote since both chambers have already set spending levels for their respective FY 13 appropriations bills.
Sen. Daniel Inouye voted NO......send e-mail or see bio
Sen. Daniel Akaka voted NO......send e-mail or see bio
Ryan Budget Resolution - Vote Rejected (41-58, 1 Not Voting)
In another reprisal of last year’s budget theater, the House-passed budget drafted by Rep. Paul D. Ryan, R-Wis., failed in a party-line Senate vote. The resolution would set new FY 2013 budget authority at $2.794 trillion. As happened last year, all Democrats voted “nay” along with Independents Bernard Sanders (Vt.) and Joseph I. Lieberman (Conn.). All Republicans voted “yay” with the exceptions of Sens. Scott P. Brown (Mass.), Susan Collins (Maine), Dean Heller (Nev.), Rand Paul (Ky.) and Olympia J. Snowe (Maine).
Sen. Daniel Inouye voted NO......send e-mail or see bio
Sen. Daniel Akaka voted NO......send e-mail or see bio
Toomey Budget Resolution - Vote Rejected (42-57, 1 Not Voting)
This budget resolution introduced by Sen. Pat Toomey, R-Pa. would set new FY 2013 budget authority at $2.843 trillion. It purports to create a balanced budget within eight years, in part by reducing spending to about 18.3 percent of GDP. It would also create a two-thirds supermajority requirement for votes to exceed discretionary spending levels set forth in the resolution and a three-fifths supermajority to make any advance appropriation unless the latter are for a handful of accounts at the Veterans Affairs Administration.
Sen. Daniel Inouye voted NO......send e-mail or see bio
Sen. Daniel Akaka voted NO......send e-mail or see bio
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