Mar 21 2013
Think Progress: House GOP Approves Budget That Cuts Taxes For Millionaires, Slashes The Social Safety Net
The House of Representatives this afternoon approved the Republican budget plan authored by Rep. Paul Ryan (R-WI) by a vote of 221-207, with 197 Democrats and 10 Republicans voting against it. Three Democrats and one Republican did not vote.
For the third consecutive year, the House GOP has approved a budget that ends the traditional guaranteed Medicare coverage for senior citizens, makes substantial cuts to poverty programs and the social safety net, and grants massive tax cuts to the wealthiest Americans. Recent analyses have shown that the budget plan’s tax reforms, which lower top tax rates to 25 percent, would give millionaires at least $200,000 in tax cuts. At the same time, it would slash the social safety net, targeting poverty programs for two-thirds of its cuts.