FY2014 Budget Resolution

Mar. 21, 2013 | H.Con.Res. 25

Rep. Paul Ryan (R-Wisc.) authored a budget plan that would have required deep sacrifices by middle class working families, senior citizens and other vulnerable Americans, while providing additional tax cuts to corporations and the rich. The Ryan budget plan would have made large cuts in Medicaid, ended Medicare as we know it by converting it into a voucher program, and would have repealed the Affordable Care Act. It was estimated the plan could give tax cuts as high as an average of $330,000 for households with incomes of more than $1 million a year and for households with incomes more than $200,000, the tax cut would be nearly $34,500. Families with children and incomes under $200,000 would likely have seen their taxes go up by an average of more than $3,000 under the Ryan plan. In addition, it would have required deep cuts to job training, education, food, housing, legal services and advanced technology vehicles manufacturing programs. The budget resolution passed.