House Republicans pass Ryan budget

WTF Ryan budget passes house hp 3.30.12

House Republicans pushed through the controversial Ryan budget on Thursday by a vote of 228 to 191, but the bill has little hope of clearing the Democrat-controlled Senate.

Read more: Analysis: Republican budget will cripple Medicare, Medicaid & children’s health insurance

The fiscal year 2013 budget, proposed by House Budget Committee Chairman Paul Ryan (R-Wis.), would privatize Medicare, deeply slash funding for Medicaid and Children’s Health Insurance Program, eliminate nearly all non-defense discretionary programs but give a 10% tax cut to corporations and wealthy Americans making more than $388,000 a year.

Democratic lawmakers attacked the Ryan budget, saying that it will end the Medicare guarantee for seniors and derail the fragile economic recovery.

“This Republican plan will weaken economic growth and according to independent analysts, result in over 2 million jobs lost over the next two years. It rewards corporations that ship American jobs overseas, while slashing investments in education, in science and research, and infrastructure that help America grow our economy right here at home. In short, it is a path to greater prosperity, if you’re already wealthy, leaving seniors, working Americans, and future generations behind,” said Rep. Chris Van Hollen (D-Md.), Ranking Member of the House Budget Committee.

Read more: Analysis: Obama budget proposes tax reforms and spending cuts to reduce long-term deficit

Van Hollen submitted an alternative budget modeled after the President’s tax reform and spending plan announced in February, but his amendment failed by a vote of 163 to 262.

 

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