Published on
Common Dreams

'Tax Break for the Rich': House Passes Ryan Budget

Budget serves as GOP 'campaign manifesto' ahead of midterms

Jacob Chamberlain, staff writer

In a move critics say would lead the country further down a path of austerity, the U.S. House of Representatives passed Paul Ryan's proposed budget plan on Thursday.

If made into law, the bill would block funding for Medicaid and food stamps, turn Medicare into a voucher system, repeal the Affordable Care Act, cut grants for college students, dramatically decrease research and infrastructure spending, and slash multiple other safety net programs for hurting U.S. residents, all the while lowering the corporate tax rate to 25 percent and increasing military spending.

According to the Center on Budget and Policy Priorities's calculations, the Ryan plan gets 69 percent of its budget cuts from programs for people with low or moderate incomes. 


Never Miss a Beat.

Get our best delivered to your inbox.

"The $5.1 trillion in cuts are of particular interest, not just because they’re needed to finance another tax break for the rich, but also in light of how brutal they would be to critical public services," writes Steve Benen at MSNBC.

The budget "will serve largely as a campaign manifesto" for upcoming midterm elections, Reuters reports, as it is not expected to pass in the Senate.


Our pandemic coverage is free to all. As is all of our reporting.

No paywalls. No advertising. No corporate sponsors. Since the coronavirus pandemic broke out, traffic to the Common Dreams website has gone through the roof— at times overwhelming and crashing our servers. Common Dreams is a news outlet for everyone and that’s why we have never made our readers pay for the news and never will. But if you can, please support our essential reporting today. Without Your Support We Won't Exist.

Please select a donation method:

Share This Article