Republican budget draws election contrast with Obama

WASHINGTON (Reuters) – House Republicans unveiled an ambitious budget plan on Tuesday to cut taxes, slash spending and overhaul Medicare in a bid to draw a stark election-year contrast between their vision of the size and role of government and that of President Barack Obama. The budget proposes sweeping changes to the popular government-run Medicare healthcare program for the elderly, a politically risky gambit for Republicans who faced a voter backlash last year when they offered a similar plan. …