Wednesday, September 05, 2012
Five Ways The Ryan Budget Hurts New Mexico
Republican Senate candidate Heather Wilson says she “admires” Paul Ryan for his willingness to “put forth bold ideas” that would end Medicare as we know it, impose deep cuts to Sandia and Los Alamos national laboratories, gut funding for early education and college assistance, increase taxes on the middle class, and deal a severe blow to women and Hispanic families.
Here are five ways the Ryan budget hurts New Mexico:
1. The Ryan budget ends Medicare as we know it. The Ryan budget would scrap the guaranteed benefits provided by Medicare, and force nearly 300,000 New Mexico seniors into a voucher program when they retire. As a result, health care costs for seniors would increase by as much as $5,900 each year. The Ryan budget would also force many seniors to pay the full cost of their prescription drugs, burdening them with costs of almost $12,000.
2. The Ryan budget would impose deep cuts to Sandia and Los Alamos national laboratories. Under the Ryan budget, funding for Sandia National Laboratories would be reduced by 10 percent, while funding for Los Alamos National Laboratory would be reduced by 17 percent. These cuts would impede the essential missions carried out at the laboratories and cut New Mexico jobs.
3. The Ryan budget would gut funding for early education and college assistance. In New Mexico alone, $16 million would be cut from Head Start programs and more than $21 million would be cut from Pell Grants. As a result, more than 2,000 children would loose access to preschool and other early education programs and more than 3,000 college students would loose their assistance entirely in New Mexico.
4. The Ryan budget would cut taxes for the rich while raising taxes on New Mexico’s middle class. Hard-working New Mexican families with incomes below $200,000 would see their taxes increase by nearly $2,700 each year. At the same time, the Bush tax cuts for the wealthy would be made permanent and millionaires would get a windfall tax cut of $265,000.
5. The Ryan budget would deal a severe blow to women and Hispanic families. The Ryan budget’s extreme reforms to Medicare would increase out-of-pocket health care costs for nearly 190,000 Hispanic New Mexicans by thousands of dollars each year. They would also disproportionately affect women, who account for the majority of Medicare recipients. Increasing the cost of services like mammograms and cancer screenings would put preventative health care further out of reach for millions of women across the country.
A quick check at factcheck.org:
#1: The Congressional Budget Office says it “may” lead to higher costs for beneficiaries, but it can’t estimate how much.
#3: The Ryan budget calls only for “limiting the growth” of spending for the program, and Ryan has said the maximum grant of $5,550 would not be decreased.
#4:In a blog post on the TPC (Tax Policy Center) analysis, Donald Marron, director of the Tax Policy Center, wrote: “I don’t interpret this [the Aug. 1 study] as evidence that Governor Romney wants to increase taxes on the middle class in order to cut taxes for the rich, as an Obama campaign ad claimed. Instead, I view it as showing that his plan can’t accomplish all his stated objectives. One can charitably view his plan as a combination of political signaling and the opening offer in what would, if he gets elected, become a negotiation.”
Posted by: Jombie | Sep 6, 2012 8:13:40 PM