Paul Ryan budget outlines drastic changes to Medicare, cuts to Medicaid
- Year: 2012
- Length: 9:41 minutes (8.87 MB)
- Format: MP3 Mono 44kHz 128Kbps (CBR)
This week on the presidential campaign trail, candidates have sparred over different proposals for healthcare, taxes and federal spending. At the center of the debate is the budget plan presented by Congressmember and Republican Vice Presidential candidate Paul Ryan. The latest version of the plan is called "The Path to Prosperity" and lays out sharp reductions to programs designed to assist low income Americans, such as Medicaid, Pell education grants, the food stamp program and job training. The plan would also reduce taxes for wealthy Americans and result in a net tax increase for the bottom fifth of households, according to the Tax Policy Center. Questions have also been raised about corporate tax cuts. According to Ryan’s 2011 financial disclosure report analyzed by The Daily Beast and Newsweek, Ryan and his wife owned stakes in four family companies that could benefit financially from some of the energy tax breaks and subsidies in the budget plan. But one of the areas most affected by the proposed budget is healthcare. For more, we’re joined by Ellen Shaffer, co-director of the Center for Policy Analysis.