House Agrees to Ryan Instructions for Budget Conferees to Protect Social Security, Restrain Tax Hikes
First District Congressman Paul Ryan, who serves as the Ranking Member of the House Budget Committee, today succeeded with a bipartisan vote of 364-57 in winning overwhelming House approval to stop the government's raid on Social Security and reject the House Democrat tax hikes in the final version of the federal Budget Resolution. Ryan's proposal passed today under a motion to instruct conferees on the federal Budget Resolution.
"The budget plan that I proposed earlier this spring proved that we can balance the budget without raiding the Social Security surplus and without raising taxes," Ryan said. "Now that the Democrat leadership has moved ahead with its budget and tax hike plan, we're trying to limit the damage and ensure that Social Security is protected. Today's vote sends a clear message to the Members of Congress who will negotiate the final budget that they should stop government's raid on Social Security and keep tax increases to a minimum."
Ryan's instructions, to which the vast majority of the House agreed, direct budget conferees to commit to the following:
Reject the massive tax increase in the House budget. Conferees are instructed to reject the $392.5 billion tax increase in the revenue levels of the House-passed budget - the largest tax increase in American history. These tax hikes include reimposing the marriage penalty and the death tax, cutting the child tax credit in half, and raising marginal income tax rates.
Insist on the lowest possible level of taxes. This expresses the belief that budget conferees should adopt the lowest possible revenue level allowed within the scope of the House-passed and Senate-passed Democrat budgets.
Stop the raid on Social Security. This legislative motion also instructs conferees to stop raiding Social Security for the government's operating budget. They should do this by producing a "unified" surplus (including Social Security) of at least $96 billion, equal to Social Security's cash surplus, in fiscal year 2012.