Greenstein on the Ryan Budget
Posted by: CBPP
Posted in: 2001/2003 Tax Cuts, Alternative Minimum Tax, Businesses, Child Nutrition and WIC, Children’s Health Insurance Program, Congressional Action, Deficits and Projections, Federal Budget, Federal Tax, Food Assistance, Food Stamps, Health Policy, Health Reform, In Case You Missed It, Income Inequality, Individuals and Families, Insurance Coverage, Medicaid, Medicare, Poverty and Income, Process, Tax Repatriation, Taxes and the Economy, Welfare Reform / TANF
We’ve issued a statement from Robert Greenstein on the budget from House Budget Committee Chairman Paul Ryan. Here’s the opening:
The new Ryan budget is a remarkable document — one that, for most of the past half-century, would have been outside the bounds of mainstream discussion due to its extreme nature. In essence, this budget is Robin Hood in reverse — on steroids. It would likely produce the largest redistribution of income from the bottom to the top in modern U.S. history and likely increase poverty and inequality more than any other budget in recent times (and possibly in the nation’s history). It also would stand a core principle of the Bowles-Simpson fiscal commission’s report on its head — that policymakers should reduce the deficit in a way that does not increase poverty or widen inequality.
Click here for the full statement.