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  • The GOP Budget and America's Future
    Posted in Commentary on March 19, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Less than a year ago, the House of Representatives passed a budget that took on our generation's greatest domestic challenge: reforming and modernizing government to prevent an explosion of debt from crippling our nation and robbing our children of their future. Absent reform, government programs designed in the middle of the 20th century cannot fulfill their promises in the 21st century. It is a mathematical and demographic impossibility. And we said so. We assumed there would be some who would... Read more

  • House GOP Budget to Target Tax Rates
    Posted in In Case You Missed It on March 19, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    House Republicans, seizing on what they hope is a potent campaign issue in the midst of a muddled political and economic landscape, will introduce a 2013 budget Tuesday that cuts tax rates and provides for two individual brackets of 10% and 25%. The budget would end the Alternative Minimum Tax, which was originally aimed at the wealthy but which ensnares a growing number of middle-class taxpayers each year. The plan would nearly eliminate U.S. taxes on American corporations' earnings from overse... Read more

  • CBO Re-estimate Confirms Serious Consequences of President’s Unserious Budget
    Posted in Press Releases on March 16, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    WASHINGTON – Earlier today, the non-partisan Congressional Budget Office (CBO) released an analysis of President Obama’s Fiscal Year 2013 budget request. CBO’s analysis estimates next year’s budget deficit would be $76 billion higher than the President claimed. In response to CBO’s analysis, House Budget Committee Chairman Paul Ryan issued the following statement: “Today’s analysis serves as a disappointing reminder of this administration's broken promises and failed leadership when it comes to ... Read more

  • Paul Ryan Previews The Path to Prosperity
    Posted in Speeches and Statements on March 15, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Watch House Budget Committee Chairman Paul Ryan of Wisconsin preview next week’s release of a budget for the federal government. Click to watch “What if your President, your Senator and your Congressman knew a crisis was coming? What if they knew why it was happening? What if they knew what they needed to do to stop it from happening? What if they had the time to stop it? And what if they chose to do nothing about it…because they thought it wasn’t good politics? “What would you think of that per... Read more

  • Ryan: IPAB Repeal Vote An Important Step In Saving Medicare
    Posted in Press Releases on March 8, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security

    WASHINGTON – House Budget Committee Chairman Paul Ryan spoke out in support of H.R. 452, the Medicare Decisions Accountability Act of 2011, which passed the Ways and Means Committee earlier today. The bill repeals the Independent Payment Advisory Board (IPAB), a board of 15 unelected bureaucrats given the power by the President’s new health care law to make cost-cutting decisions that will lead to restricted access to critical care for seniors. Following the advancement of H.R. 452 by the House ... Read more

  • Government Must Refocus Its Safety Net to Those in Need
    Posted in Commentary on March 5, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    Late last year, the Congressional Budget Office (CBO) released a study on changes in the distribution of household income in America from 1979 to 2007. This study offered fresh insight into an intensifying debate in Washington and across America over income inequality—what causes it, how do government policies affect it, and what should policymakers do about it? One underreported conclusion from the CBO study is that shifts in government transfer payments have contributed to increasing inequalit... Read more

  • Sessions, Ryan: President Defying Law Requiring Action On Medicare
    Posted in Press Releases on March 1, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    “The president is required by law to respond to the Medicare Trustees’ annual warning, and—as a matter of fundamental leadership—is duty-bound to do so. Meanwhile, the Democratic leaders in the Senate refuse to bring a budget plan to the floor for the third straight year. The livelihoods, savings, and futures of millions of hardworking Americans are at stake, but the president and his party’s leaders can’t even be bothered to fulfill their most basic obligations in a time of crisis.” WASHINGTON ... Read more

  • Strengthening Health and Retirement Security: A Call To Action
    Posted in In Case You Missed It on February 28, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    The House Budget Committee held a hearing today on the critical need to save and strengthen Medicare and Social Security. In revealing testimony, Richard Foster, Chief Actuary of the Centers for Medicare and Medicaid Services, and Stephen Goss, Chief Actuary of the Social Security Administration, provided policymakers with a clear warning on the painful consequences of inaction. For Medicare, Foster warned of restricted access to critical care if the President’s health care law is implemented as... Read more

  • House Budget Committee Hearing: Strengthening Health and Retirement Security
    Posted in Speeches and Statements on February 28, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Economy / Financial

    Welcome to today’s important hearing examining the structural challenges facing the federal government’s major health and retirement security programs. We welcome back to the Committee the two foremost experts on the financial crunch facing Medicare and Social Security: the chief actuaries of each program. We welcome Rick Foster, the chief actuary at the Centers for Medicare and Medicaid Services. Rick’s nonpartisan analysis is second-to-none in illuminating the challenges in health care and the... Read more

  • Analysis of the President’s Budget for FY2013
    Posted in HBC Publications on February 24, 2012 | Preview rr
    Tags: Entitlements: Health Care / Social Security , Taxes, Economy / Financial

    KEY POINTS The President’s budget spends too much – a net spending increase of $1.5 trillion above current projections. The President’s budget taxes too much – a net tax increase of $1.9 trillion above current projections. The President’s budget borrows too much: It adds over $11 trillion to the national debt. Instead of cutting the deficit in half as promised, it delivers a deficit of over $1 trillion, the fourth in a row during this administration. The President’s budget uses gimmicks to crea... Read more