Paul Ryan: New budget plan axes Obamacare, $5T in spending

In a new Wall Street Journal expose, Republican front-man Paul Ryan revealed a new proposed budget plan that would include of course axing Obamacare, and $5trillion in government spending.

• On taxes: Instead of the current “Rubik’s cube,” “our goal is to have just two brackets: 10% and 25%,” Ryan writes.

• On welfare: ”After the welfare reforms of 1996, child poverty fell by double digits,” he notes. The budget would let states “tailor programs like Medicaid and food stamps to their people’s needs.”

• As for Medicare: ”Starting in 2024,” seniors will see “a range of insurance plans from which they can choose—including traditional Medicare.” It will be “a premium support program,” notes NPR.

• Meanwhile, Patty Murray, Democrat head of the Senate Budget Committee, is proposing her own plan, which would raise tax revenues by almost $1 trillion as it cuts spending to the same extent, Politico reports. She’ll meet with party members, including President Obama, today.

Related articles

• Paul Ryan Hates Obamacare, But Loves Obamacare’s Taxes (motherjones.com)
• MSNBC contributor slams Rep. Paul Ryan’s ‘austerity at all costs’ fetish (rawstory.com)
• Rep. Paul Ryan’s Budget Assumes the Repeal of Obamacare (cnsnews.com)
• Rep. Paul Ryan: House budget will assume the repeal of ‘ObamaCare’ (givemeliberty01.com)
• The Morning Plum: Don’t let Paul Ryan skate this time (washingtonpost.com)
• Rep. Paul Ryan: House budget will assume the repeal of ‘ObamaCare’ (thehill.com)