Campaign 2010

Mar 25, 2012

Paul Ryan Falsely Claims “No Way to Know” Whether Budget Would Hurt Middle Class, Benefit Wealthy

Today on Fox News Sunday, Republican Budget Committee Chairman Paul Ryan (WI-01) falsely claimed he doesn’t know if the House Republican budget would result in the middle class suffering and the ultra wealthy benefitting. Ryan said, “there’s no way to know.”

In reality, the House Republican budget would give tax breaks to millionaires, billionaires and Big Oil, while cutting education, ending the Medicare guarantee and raising health care costs for seniors, and destroying American jobs. Republicans would ask the middle class and seniors to sacrifice, while refusing to ask the ultra wealthy to sacrifice at all.

FACT CHECK

Ryan’s Plan Slashes Safety Net Programs for the Poor, Lowers Taxes. “Conservative Republicans controlling the House unveiled a budget blueprint Tuesday that combines slashing cuts to safety net programs for the poor with sharply lower tax rates […] The GOP plan released by House Budget Committee Chairman Paul Ryan would, if enacted into law, wrestle the deficit to a manageable size in short order, but only by cutting Medicaid, food stamps, Pell Grants and a host of other programs.” [Associated Press, 3/20/12]

Star Ledger Editorial: A cruel budget as GOP rallying cry: Plan helps rich, hurts everyone else. “When millions of hardworking people are facing tough times through no fault of their own. They need economic justice, not a lecture from a partisan warrior. On that score, Ryan would march this great country in the wrong direction.” [Star Ledger Editorial, 3/23/12]

Republican Budget Priority: Tax Breaks for Wealthy. “Ryan, the House Budget Committee chairman, is returning to center stage as the GOP doubles down on his conservative budget priorities — including tax cuts for the wealthy and a new version of his plan for major changes in Medicare.” [Los Angeles Times, 3/16/12]

  • $150,000 Tax Break to Millionaires. Ryan’s Plan specifies more than $1 trillion in tax cuts for families making more than $250,000. This equates to an average tax cut of at least $150,000 per millionaire. [White House Analysis of House Republican Budget, 3/21/12]
  • New York Times Editorial: Ryan’s Plan Would Mean the Rich Pay Less in Taxes. Ryan’s plan “is one where the rich pay less in taxes than the unfairly low rates they pay now, while programs for the poor — including Medicaid and food stamps — are slashed and thrown to the whims of individual states.” [New York Times Editorial, 3/20/12]

Ryan’s Plan Threatens the Middle Class. “Each component of the new House Republican budget threatens the middle class while doing nothing to add jobs or grow our economy. It ends the guarantee of decent insurance for senior citizens, breaking Medicare’s bedrock promise. It slashes investments in education, infrastructure, and basic research, all of which are key drivers of economic growth and mobility. And it cuts taxes for those at the top, asking the middle class to pick up the tab. It’s a budget designed to benefit the top 1 percent at everyone else’s expense.” [Center for American Progress, 3/20/12]

Ryan’s Plan Destroys 1.3 Million Jobs in 2013. “Paul Ryan’s latest budget doesn’t just fail to address job creation, it aggressively slows job growth. Against a current policy baseline, the budget cuts discretionary programs by about $120 billion over the next two years and mandatory programs by $284 billion, sucking demand out of the economy when it most needs it and leading to job loss. Using a standard macroeconomic model that is consistent with that used by private- and public-sector forecasters, the shock to aggregate demand from near-term spending cuts would result in roughly 1.3 million jobs lost in 2013 and 2.8 million jobs lost in 2014, or 4.1 million jobs through 2014.” [Economic Policy Institute, 3/21/12]

Ryan’s Plan Cuts Critical Education Programs. “The Department of Education would be cut by more than $115 billion over a decade.  9.6 million students would see their Pell Grants fall by more than $1000 in 2014, and, over the next decade, over one million students would lose support altogether. This would derail bipartisan education reforms and deeply undermine K-12 education and college opportunity […] Roughly two million slots in Head Start would be eliminated over the next decade — cutting 200,000 children from the program in 2014 alone.” [OMB, 3/21/12]


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