Republicans are known for cutting personal and corporate taxes, but the latest GOP tax proposal does neither, focusing instead on reductions in spending. Rep. Paul Ryan’s 2015 budget proposal looks as though it’s set to pass the House
by a narrow margin, according to POLITICO. After weeks of vote whipping, Republicans are saying that they are confident that the proposal will get enough support from their side to pass without the support of the Democrats, who are expected to pan the proposal.
“I predict a win,” House Majority Whip Kevin McCarthy, R-Calif., told POLITICO.
McCarthy told the news source that his only issue in getting support for the bill was three House Republicans from Georgia who are fighting in a Senate primary and won’t vote for the bill for fear of giving their opponents political leverage. Privately, Republicans said that the 2015 budget
will probably pass by the slimmest margins in the four years that they have held a majority in the House.
Ryan’s plan intends to cut federal spending by $5 trillion over the next ten years, which would close the deficit in that time, POLITICO explained. Much of these savings come in the form of reductions in health care under the Affordable Care Act,
known colloquially as Obamacare. The plan also cuts over $700 billion from Medicaid and other health care programs and hundreds of billion from food stamps, education programs and farm programs. Obamacare’s benefits would be significantly reduced, but Ryan plans to keep its tax increases and reductions
in payments to health care providers.
If the Republican-controlled House were to pass the proposal, it would then immediately be voted down
in the Senate, according to Reuters. It might, however, serve as political fodder in the November congressional elections. The Republicans view the desire to shrink the $17.5 trillion national debt and reduce government spending as a key means to gain political ground against Democrats.