U.S. Senator Frank R. Lautenberg (D-NJ) responded today to the budget resolution introduced by House Budget Committee Chairman Paul Ryan (R-WI).
"Instead of focusing on jobs and investing in our nation's future, Republicans are again pursuing a radical and reckless plan to lower tax rates for corporations and the wealthy while forcing deep cuts to programs for the middle class and most vulnerable. The Ryan budget would end Medicare as we know it, repeal an expansion of health insurance that will benefit up to 30 million Americans, and take food away from hungry children by gutting food stamps. Rather than asking the wealthy and corporations to pay their fair share, this proposal would balance the budget on the backs of working families.
"The American people soundly rejected this agenda in November in favor of the balanced approach that President Obama and Democrats are proposing. My Senate Republican colleagues should reject the Ryan budget and work with us to carry out the country's will, rather than embrace Congressman Ryan's radical agenda."
The Republican budget would turn Medicare into a voucher system, forcing future seniors to pay more out-of-pocket and pick up the tab for health care costs. It would reduce income tax rates for millionaires and billionaires from 39.6 percent to 25 percent--either growing the deficit or increasing the tax bills of middle class families by an average of $2,000 or more.