Rep. Paul Ryan (R-WI) has proposed a House Republican budget which achieves many terrible results for the nation. Among them, here are three important facts you need to know:
1. Ryan’s Budget Ends The Medicare Guarantee And Shifts Costs To Seniors. The Congressional Budget Office has said his Ryan’s policies would cut Medicare benefits. [The Hill]
AARP: “By creating a ‘premium support’ system for future Medicare beneficiaries, the proposal is likely to simply increase costs for beneficiaries while removing Medicare’s promise of secure health coverage — a guarantee that future seniors have contributed to through a lifetime of hard work.” [AARP]
2. Ryan’s Budget Rewards Wealthiest At Expense Of Everyone Else. Those making over $1 million per year would receive an average tax cut of $394,000, while the middle class would see its taxes go up. [Center on Budget and Policy Priorities; Joint Economic Committee]
3. Ryan’s Budget Destroys 4.1 Million American Jobs Through 2014. [EPI]