Below is a compilation of the CBPP analyses, blog posts, and graphics on the budget that House Budget Committee Chairman Paul Ryan proposed, and the House of Representatives passed, in March. At the bottom of the compilation, we also list the Center's analysis of the Ryan "Roadmap" budget plan.
Governor Mitt Romney's proposals to cap total federal spending, boost defense spending, cut taxes, and balance the budget would require extraordinarily large cuts in other programs, according to an updated analysis that we released today.
Sen. Mike Lee (R-UT) plans to introduce a budget resolution (S. Con. Res. 44) this week that would sharply cut Social Security and Medicare and most other federal programs. Based on a plan from the Heritage Foundation, the Lee budget would slash programs that benefit low- and middle-income Americans while providing tax cuts for the wealthy. Here are some of its remarkable features:
We've updated and expanded our 2011 analysis of why the Medicare Part D drug benefit, which private insurers deliver, has cost much less than the Medicare trustees and the Congressional Budget Office (CBO) originally expected.
This series has explained why we need to raise more revenue and why it makes sense to start at the top of the income scale. The budget from House Budget Committee Chairman Paul Ryan goes in exactly the opposite direction -- it would cut taxes deeply at the top and raise even less revenue than if we continued all of President Bush's tax cuts, leading to bigger deficits and worse income inequality.
You've undoubtedly heard lots about how House Budget Committee Chairman Paul Ryan's budget plan would give millionaires an average $265,000 apiece in new tax cuts, on top of the $129,000 apiece they would get from Ryan's call to extend President Bush's tax cuts. Have you also heard, however, that he wants to raise taxes for some other Americans? Want to guess who would bear the brunt of his tax hikes?
House Budget Committee Chairman Paul Ryan's new budget provides much less detail than last year's about his proposals in Medicare and other areas -- too little for the Congressional Budget Office (CBO) to estimate their impact, as Brookings economist William Gale points out.
Below is a compilation of the CBPP analyses and blog posts on the budget that House Budget Committee Chairman Paul Ryan proposed, and the House of Representatives passed, in March. At the bottom of the compilation, we also list the Center's analysis of the Ryan "Roadmap" budget plan.