Friday, April 26, 2024

69% of Ryan’s budget cuts come at the expense of low- and moderate- income Americans

4-8-14bud-f1House Budget Committee Chairman Paul Ryan’s new budget cuts $3.3 trillion over ten years (2015-2024) from programs that serve people of limited means.  That’s 69 percent of its $4.8 trillion in total non-defense budget cuts.

Not much has changed on this front from Chairman Ryan’s budget plan of a year ago, or the year before that.  Then, too, Chairman Ryan proposed very deep cuts, the bulk of which were in programs that serve low- and moderate-income Americans.

The Ryan budget proposes $4.8 trillion in non-defense budget cuts through 2024:  $900 billion from non-defense discretionary (NDD) programs and $3.9 trillion from entitlements and other mandatory programs.  These cuts are in addition to the discretionary and entitlement cuts imposed by the 2011 Budget Control Act’s (BCA) budget caps and sequestration.  

Cuts in low-income discretionary and entitlement programs likely account for at least $3.3 trillion — or 69 percent — of the $4.8 trillion in non-defense cuts — and probably more than that.  

Read the rest of Richard Kogan and Joel Friedman‘s analysis at CBPP.

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