The Experts Agree: GOP Budget Places Burden on Seniors, Middle Class

The Republican budget makes the wrong choices and places the burden of deficit reduction onto seniors, the middle class, working families, and the most vulnerable by refusing to ask the wealthiest among us to contribute. But don’t just take our word for it:

“The budget proposal House Budget Committee Chairman  Paul Ryan (R-WI) released last week  is, essentially, an effort to have low- and middle-class households bear the entire burden of closing the fiscal gap and bear the costs of financing an additional tax cut for high income households.” – Bill Gale, Tax Policy Center [3/27/12]

“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).” – Robert Greenstein, Center for Budget and Policy Priorities [3/21/12]

“Paul Ryan may not have intended it, but his 2013 budget is the strongest argument I’ve seen for why any serious fiscal plan must include new revenues… Ryan says he wants to balance the budget only by cutting spending. But he proved with hard, relatively specific numbers (on the spending side, at least) that he can’t get there from here. And if you take the second page from the Republican hymnal and add huge tax cuts to the mix, you may find yourself headed off in just the wrong fiscal direction.” – Howard Gleckman, Tax Policy Center [3/22/12]