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Think Tanked
Posted at 11:03 AM ET, 03/22/2012

Paul Ryan budget plan is ‘a giveaway’ for 1%, says Center for American Progress

In a pair of videos to accompany his 2012 budget proposal, House Budget Committee Chairman Paul Ryan (R-Wis.) insists that his plan, “Path to Prosperity,” will bring Americans out of “debt, doubt and decline.”

However, the Center for American Progress Action Fund, the 501(c)4 wing of the think tank, has released its own video response to Ryan, saying that his plan “is nothing more than a giveaway to the prosperous, paid for by the middle class.”

“With the enormous tax cuts that he’s proposed and no way to pay for them, it would actually increase the debt and make it that much harder to get our budget on to a sustainable path,” said CAP’s director for tax and budget policy, Michael Linden.

The Ryan plan was narrowly approved Wednesday in a 19-18 House Budget Committee vote, setting the stage for a fight on the House floor next week over federal health care programs and social programs aimed at the poor. The debate will also likely center on the Pentagon’s $500 billion cut over a decade, of which the Ryan plan would restore half.

Ryan’s plan was unveiled on Tuesday, with a full presentation that morning at the American Enterprise Institute.

By  |  11:03 AM ET, 03/22/2012

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