This Year’s House Republican Budget Is The Ryan Budget All Over Again
Not too long ago, conservatives started to talk a little bit about how inequality was a major problem for our country. They even spoke about reforming government spending to help lower- and middle-income families, not just the wealthiest, get ahead. Well, when it comes to doing more than talking the talk, but also walking the walk, they have failed. Today, House Republicans released their budget, revealing their true priorities: help the wealthy few, not you.
Budgets are about both our values and our theory of how to grow the economy. On values, conservatives have shown that what they value is to balance the budget on the backs of the middle class, instead of working to help millions of middle class Americans and extend a hand to the millions more in poverty. On growing the economy, conservatives are going back to the same trickle-down playbook of giving tax breaks for the wealthy few who need them the least.
In their efforts to cut the deficit, the House GOP budget goes after seniors, the middle class and our students. Not only that, they are gambling with our economy by putting at risk real progress happening in communities across the country and working to make future progress more difficult to achieve. Here are just a few of the things that it does:
The Republican budget proposes devastating cuts to Medicaid and food stamps by creating a block grant system. Instead of providing support for working families when they need it most, conservatives are increasing barriers for families trying to climb into the middle class.
-Cuts proposed to education funding in the Republican budget would hit the poorest children and most vulnerable communities hardest, including severe cuts for program like Head Start and Special Education funding. Instead of making education accessible, Republicans are cutting off opportunity for many young Americans and hurting our long-term economic growth.
– Republicans are again using their budgets as another attempt to repeal the Affordable Care Act and take away health care coverage from millions Americans who now have access to quality care through the ACA. A new Obama administration report released just yesterday found that more than 16 million Americans have coverage as a result of the ACA — the largest expansion of health coverage in four decades — but Republicans will vote again to take it away.
- If there is one big winner in this budget, it is the wealthy. The House budget keeps a number of tax favors for the wealthy, including some for private jet owners and hedge fund managers. Their budget also keeps billions of dollars in tax credits for big oil companies. (CAP 3/16/17)