Ryan Budget Plan Would Increase Deficits, Exacerbate Inequality

Publication Date: March 2007

Publisher: Center on Budget and Policy Priorities (Washington, D.C.)

Author(s): Richard Kogan

Research Area: Banking and finance; Economics

Keywords: Economic projections; Fiscal future; Tax code

Type: Report

Abstract:

Despite the depth of the plan’s cuts in non-defense discretionary programs and entitlement programs, however, the plan’s domestic spending cuts would be substantially outweighed by the combined cost of its tax cuts, defense increases, and increases in veterans programs.  As a result, the plan would significantly worsen the already serious long-term fiscal problems that the nation faces.