Economic Policy Institute: Republican Budget Proposal Could Cost 1.1 Million Jobs in the Next Fiscal Year
"On net, I estimate that the House budget resolution would decrease GDP by 0.9 percent and decrease nonfarm payrolls by 1.1 million jobs in fiscal year 2015, relative to CBO's current-law baseline. The following fiscal year, when Ryan's cuts to discretionary spending kick in, 'The Path to Prosperity' would decrease GDP by 2.5 percent and cost 3.0 million jobs. And if the recovery remains sluggish, large job losses could continue under the Ryan budget in 2017 and beyond."
AARP: Republican Budget Would Remove the Medicare Guarantee
"Chairman Ryan's proposed budget fails to address the high costs of health care and instead shifts costs onto seniors and future retirees. Repealing the benefits of the Affordable Care Act ignores the progress we've made to improve access to health care and protect against discrimination based on age, gender or medical history. Removing the Medicare guarantee of affordable health coverage for older Americans by implementing a premium support system and asking seniors and future retirees to pay more is not the right direction."
New York Times: Republican Budget Would Lower Taxes for the Wealthy While Raising Taxes on the Middle Class by $2,000
"The budget lowers the top tax rate to 25 percent for the wealthiest taxpayers, down from the current 39.6 percent, while raising taxes on middle-class families with children by an average of $2,000."