Rep. Paul Ryan’s budget is simply put, an all out attack on the 99%.
Not only would it end Medicare as we know it, but it would eliminate the Affordable Care Act, drastically reduce Medicaid payments to states and cut back nearly all programs to help lower-income families. All the while, Ryan’s plan would increase Pentagon spending and give trillions in tax breaks to the richest 1%.
Meanwhile the Congressional Progressive Caucus just released their own budget plan: the Budget for All. Unlike the Republican plan, which would gut nearly every program to help low-income and unemployed Americans get back to work, the CPC plan would invest $2.4 trillion in job-creation and direct-hire programs.
The CPC plan also calls for public financing of congressional and presidential elections, ending the Bush tax cuts for the top 2% and taxing wealth like work, all while reducing military spending.
Republicans claim that they are serious about cutting the deficit, but their only solution is to gut nearly every program of the federal government — including cuts to veterans’ programs, food stamps and housing assistance to lower income families, and reducing transportation spending — at a time when our infrastructure is crumbling. Ryan’s plan would even cut federal education spending by 45 percent, creating a permanent underclass with limited opportunity and access to education.
At a time when Americans are struggling to hold down their jobs and make ends meet, it is outrageous that Republicans would rather balance the budget on the backs of the middle class, than make the 1% pay their fair share.
The CPC plan is proof that we can balance the budget while still investing in our future and protecting necessary programs like Medicare and Social Security for our future generations.