Democrats blasted the fiscal 2015 proposed budget released Tuesday by House Budget Committee Chairman Rep. Paul Ryan, with House Democratic Leader Rep. Nancy Pelosi D-Calif. (who is lunching today with President Barack Obama) criticizing the plan for ”the weakness of their arithmetic and the strength of their indifference to the concerns of struggling middle class families across the country.”
An overview on the Ryan budget from the Associated Press is HERE.
My take on the political prospects for the Ryan budget is HERE.
Below, statements from the White House and Pelosi….
Statement by the Press Secretary on the House Republican Budget
To build real, lasting economic security for the middle class, the President and Democrats in Congress have a plan to grow our economy from the middle out, not the top down, and create more opportunities for every hardworking American to get ahead. Unfortunately, Republicans in Congress do not have a plan that works for the middle class and the House Republican Budget is the same old top-down approach. Because of a stubborn unwillingness to cut the deficit in a balanced way by closing tax loopholes for the wealthy and well connected, the House Republican Budget would slow the economy, stack the deck against the middle class, and threaten the guaranteed benefits seniors have paid for and earned.
The House Republican Budget would raise taxes on middle class families with children by an average of at least $2,000 in order to cut taxes for households with incomes over $1 million. It would force deep cuts to investments in our roads and bridges, scientific research to cure diseases like Alzheimer’s and at every level of education from early childhood to community college. It would end Medicare as we know it, turning it into a voucher program and risking a death spiral in traditional Medicare. Instead of ensuring that Americans earn a fair wage for a hard day’s work and lifting millions of people out of poverty, the House Republican approach undermines Americans working hard to support their families by slashing food stamps and Medicaid. And rather than expanding health coverage for all Americans and making it more affordable, it would repeal the Affordable Care Act, raising health care costs on families and businesses and eliminating coverage for the 3 million young adults who have gained coverage by staying on their parent’s plan, the millions of people who have signed up for private insurance plans through the Marketplaces, and millions more who can continue to gain coverage through Medicaid.
The House Republican Budget stands in stark contrast to the President’s Budget, which would accelerate economic growth and expand opportunity for all hardworking Americans, while continuing to cut the deficit in a balanced way. The President has put forward a Budget that rewards hard work with fair wages, equips all children with a high-quality education to prepare them for a good job, puts a secure retirement within reach, and ensures health care is affordable and reliable, while at the same time asking the wealthiest to pay their fair share and making tough cuts to programs we can’t afford. And by paying for new investments and tackling our true fiscal challenges, the President’s Budget builds on the progress we’ve already made to cut the deficit by more than half since 2009 and cuts the deficit as a share of the economy to 1.6 percent by 2024. It also stabilizes the debt as a share of the economy by 2015 and puts it on a declining path after that.
Budgets are about choices and values. House Republicans have chosen to protect tax breaks for the wealthiest rather than create opportunities for middle class families to get ahead. The President believes that is the wrong approach and that we should instead be making smart investments necessary to create jobs, grow our economy, and expand opportunity, while still cutting the deficit in a balanced way and securing our nation’s future.
Pelosi Statement on Ryan Republican Budget
Washington, D.C. – Democratic Leader Nancy Pelosi released the following statement today after Budget Committee Chairman Paul Ryan released this year’s version of the House Republican budget:
“Today, Republicans have laid out their vision for a less prosperous America, demonstrating, yet again, the weakness of their arithmetic and the strength of their indifference to the concerns of struggling middle class families across the country. They are proving the lengths they will go to protect the special interests at the expense of the public interest. They are undermining seniors, students, and the middle class, crippling our economic competitiveness, and gutting our nation’s investments in the future – all to protect loopholes for the wealthy few and corporations that ship jobs overseas.
“Under this Republican budget, the wealthy and well-connected wouldn’t be asked to pay even a little more. But seniors would be asked to pay more for preventive services and prescription drugs and see the end of the Medicare guarantee. Families would witness devastating cuts to research, innovation, education, clean energy, and manufacturing, ceding economic leadership to other nations. All Americans would see a budget that rejects comprehensive immigration reform, with its promise of job creation, stronger small businesses, a growing economy, and a shrinking deficit.
“Democrats have a better approach: creating jobs, strengthening the middle class, investing in our infrastructure and our children’s education, closing the opportunity gap, and responsibly reducing the deficit. Together, we can reignite the American Dream and build an economy that works for everyone.”