Aide: Senate likely to vote on Ryan budget plan this month

Senate Democratic leadership is likely to bring the GOP's 2012 budget plan to the floor later this month, a senior leadership aide told The Hill on Friday.

The aide said the Senate was likely to consider the bill the week of May 23, the last week it is in session before a recess for the Memorial Day holiday.

The 2012 plan, crafted by House Budget Committee Chairman Paul Ryan (R-Wis.), would cut $5.8 trillion in spending over 10 years and transform Medicare into a sort of voucher system to balance the budget by 2040 without raising taxes.

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Democrats claim the plan "kills Medicare," and complain it lacks mechanisms to raise revenue while its cuts in spending are too deep.

The House passed the measure last month, 235-193, with only four Republicans voting against it and no Democrat supporting it. The bill is expected to fail in the Senate.

Prior to taking up the GOP budget, the Senate plans to consider a bill by Sen. Robert Menendez (D-N.J.) that would require oil companies to pay taxes for drilling on federal land and remove tax deductions for companies that drill in foreign countries. In all, it would raise about $20 billion, which Democrats say would be directed toward deficit reduction.

Correction: An earlier version of this story incorrectly stated the timing of when the Senate may consider the Ryan budget.