In a move critics say would lead the country further down a path of austerity, the U.S. House of Representatives passed Paul Ryan’s proposed budget plan on Thursday.
If made into law, the bill would block funding for Medicaid and food stamps, turn Medicare into a voucher system, repeal the Affordable Care Act, cut grants for college students, dramatically decrease research and infrastructure spending, and slash multiple other safety net programs for hurting U.S. residents, all the while lowering the corporate tax rate to 25 percent and increasing military spending.
According to the Center on Budget and Policy Priorities’s calculations, the Ryan plan gets 69 percent of its budget cuts from programs for people with low or moderate incomes.
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