Congresswoman Bustos Votes Against Speaker Ryan’s Tax Breaks for Billionaires Budget

Bustos again calls for both parties to work together on policies that will put hardworking families first

Washington, DC – Today, Congresswoman Cheri Bustos (D-IL) voted against Speaker Ryan’s Republican budget plan which would give massive tax breaks to billionaires at the expense of hardworking families.

“Instead of presenting a budget that will strengthen working families, Washington Republicans voted to give massive tax breaks to billionaires,” said Congresswoman Bustos. “This budget lays the groundwork for deep cuts to programs our seniors depend on such as Medicaid, Social Security – it even raises the Medicare eligibility age. At a time when so many across the heartland are struggling, their budget even raises taxes on working families. It’s deeply disappointing to see such a partisan agenda moving forward when we should be working on bipartisan solutions to put hardworking families first again.”

The Republican budget calls for:

  • A $1.1 trillion dollar cut to Medicaid over ten years.
  • $487 billion in Medicare cuts over ten years.
  • An increase in Medicare eligibility age to 67.
  • Replacing Medicare’s guaranteed benefits for future retirees with vouchers toward the purchase of a private health plan or traditional Medicare.
  • A cut in Social Security Disability Insurance benefits, which it describes as “a first step” to Social Security reform.
  • $50 billion in mandatory cuts to veterans’ benefits over the next ten years.
  • An average of $230,000 in annual tax cuts to millionaires.
  • Less than 10 percent of its benefits will go to households earning less than $100,000.