USA Today: Rep. Ryan unveils GOP’s $4.6T plan to cut the deficit

Susan Davis, USA TODAY2:13p.m. EDT March 12, 2013

House Republicans would balance the budget with repeal of the Obama health care law and an overhaul of Medicare.

WASHINGTON — House Republicans unveiled a budget Tuesday that would balance the nation’s books in 10 years without raising taxes but by eliminating President Obama’s health care law, revamping Medicare for future retirees and creating just two tax brackets for individuals — 10% and 25%.

By cutting $4.6 trillion in current spending over the next decade, the budget would achieve balance between what the government spends and what it collects in revenues by 2023.

“For the third straight year, we’ve delivered,” House Budget Committee Chairman Paul Ryan, R-Wis., said Tuesday at a news conference. Since taking control of the House in 2010, the GOP has approved a budget each year. The House is scheduled to approve Ryan’s budget next week. The GOP budget is non-binding and does not have the force of law, but it serves as a philosophical document on the party’s views on the size and role of the federal government.

Continue reading here: http://usat.ly/YzLI85

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

  • LAAAC is managed by St. Barnabas Senior Services; Funded, in part, by Archstone Foundation.
  • St. Barnabas Senior Services

%d bloggers like this: