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An Update on the Paul Ryan Budget

Congressman Paul Ryan’s (R-WI) budget, named “The Path to Prosperity: A Blueprint for American Renewal”, is moving quickly through the halls of Congress. Even though it was introduced just two days ago, the budget was already approved yesterday by the House Budget Committee, which reported the proposal to the full House of Representatives for a vote.  The vote was narrow and largely fell down partisan lines, but the bill passed by a 19-18 vote. 

Two noted conservative congressmen, Reps. Justin Amash (R-MI) and Tim Huelskamp (R-KS), voted against the bill. Amash released a statement following the vote explaining that he voted against the bill in part because it does not cut military spending. Also, he believed the proposal would take too long to balance the budget. This isn’t surprising, considering that the Ryan budget does not balance until 2040.

All 16 Democrats on the House Budget Committee voted against the bill. Rep. Chris Van Hollen (D-MD) proposed an amendment to raise the spending levels in the Ryan budget. The budget, as it stands, sets fiscal year 2013 discretionary spending at $1.028 trillion, which is $19 billion less than the $1.047 trillion proposed in the August debt ceiling deal. The amendment failed with a 16-21 vote. There were more than twenty other amendments proposed in the lengthy markup session. The amendments covered a range of topics, including taxes and contraception. Next week, the Ryan budget is expected to reach the floor of the House of Representatives for a vote. 

Here at FreedomWorks, we believe that while the Paul Ryan budget is a good first step and a tremendous improvement on the status quo, there’s a better option available. Senators Rand Paul (R-KY), Jim DeMint (R-SC), and Mike Lee (R-UT) have sponsored the real “Tea Party budget" with “A Platform to Revitalize America”, which balances the budget by 2017, reforms Medicare, Medicaid, and Social Security, and cuts spending by trillions more than the Ryan budget.

TAKE ACTION: Learn more about the “Tea Party Budget” plan!