Congressmen John Yarmuth and Thomas Massie Offer Differing Viewpoints on New Ryan Budget Plan
Led by former Republican vice presidential nominee and Congressman Paul Ryan, the House GOP unveiled its 2014 budget proposal this weekDubbed 'Path to Prosperity' the spending plan cuts $6.4 trillion from the deficit over the next ten years, slashes corporate taxes by 10 percent and simplifies the tax code by turning seven individual tax brackets into two.Conservatives also highlight provisions such as authorizing construction of the Keystone XL pipeline, an overhaul of Medicare for retirees and another attempt to fully repeal President Obama's health care law.But liberal critics are slamming the budget for various reasons, including the fact that it cuts domestic services but not defense.From The Washington Post:
But fiscal conservatives such as Republican Congressman Thomas Massie call the Ryan budget "aggressive" and "brave." Previous budget proposals by Ryan eliminated the budget deficit in 25 years rather than 10."There are some very brave things in Paul Ryan’s plan that show that he’s attempting to be serious with balancing the budget, and not just for political reasons. He has reintroduced some of the controversial measures for saving Medicare, and those are certain to be demagogued by the other side of the aisle," says Massie.On Medicare, Ryan's budget would give seniors various options from private plans to a traditional package paid for by the government. A retiree could choose a "voucher," which critics say is an attempt to "privatize" the system.The budget plan by Senate Democrats is reportedly less ambitious in regards to deficit reduction, cutting only $1.85 trillion over the next decade through an even split of new taxes and spending cuts."It's a plausible budget that is much better than what we're operating under right now, and it's going to be interesting to see what the Senate comes up with," says Massie. "We believe in the House the Senate version will never balance the budget in any amount of time. And I think the politics of that will be very caustic for Democrats who have to run for re-election in 2014 in states where Mitt Romney won."