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House Approves Republican Budget

Washington – Today, Congressman John Yarmuth (KY-3) voted against the irresponsible Republican Budget and released information from a new report on the impact of its devastating cuts on Kentucky families. The proposal passed the House by a vote of 219-205.

“I’m disappointed that the House has once again approved a budget that is completely out of step with the priorities of the American people,” Yarmuth said. “When the Republican Leadership is willing to raise taxes on middle-class families by $2,000 in order to give millionaires a new $200,000 tax break, it’s clear our nation’s values and needs aren’t being reflected in Congress.”

The Republican Budget undermines economic growth and would jeopardize more than a million jobs next year alone, according to the Economic Policy Institute. It increases seniors’ drug costs by at least $1,200 per year and doubles traditional Medicare premiums while ending the Medicare guarantee. And it eviscerates federal investments in infrastructure, education, and research that keep our workforce competitive and help our nation lead the global economy.

The bill makes these cuts in order to expand tax breaks for the wealthy and maintains loopholes that allow corporations to ship American jobs overseas.

New data from the Office of Management and Budget show the effects of the House-approved budget on Kentucky seniors, students, women, workers, and middle-class families.

 

Seniors

The budget undermines the economic and health security of Kentucky seniors: 

-For a fourth consecutive year, it ends the Medicare guarantee and raise health care costs for seniors;

-It jeopardizes nursing home care for tens of thousands of Kentucky seniors by slashing Medicaid by more than $11.7 billion over the next 10 years; 

-It reopens the Medicare Part D donut hole closed by the Affordable Care Act, increasing prescription drug costs for more than 82,000 Kentucky seniors.

 

Education

The budget makes deep cuts in elementary and secondary education and early learning programs. For example, it makes cuts in 2016, if non-defense cuts are applied across-the-board, that would:

-Push 2,770 Kentucky children out of Head Start;

-Deprive 120 schools and nearly 60,000 disadvantaged students of academic support through Title I, with 460 fewer teachers and aides to help these students;

-Cut 290 special education teachers in Kentucky.

 

The budget also makes college less affordable for millions of students who rely on Pell Grants, federal student loans, and higher education tax credits.

-The budget slashes student aid and support by a total of $260 billion below current policy over the next 10 years;

-At a time when college costs continue to rise, college students in Kentucky will receive $48.1 million less in Pell Grants, and 9,560 fewer students will receive Pell Grants needed to help pay for college.

 

Workers, Women, & Children

The budget threatens workers, women, and even at-risk children. For example, it makes cuts in 2016, if non-defense cuts are applied across-the-board, that result in:

-18,700 Kentuckians losing training and employment services, and 33,500 losing job search assistance;

-$23.7 million in reduced funding for Social Services Block Grant, which supports child care for low-income parents along with protective services for children at risk of abuse and neglect.

-More than 1,000 Kentucky children losing access to child care;

-865 fewer victims of domestic violence being served through the STOP Violence Against Women Program.

 

Jobs & Middle Class Families

Under this budget, middle-class families see higher taxes and millions see fewer jobs.

-The budget will cause the loss of as many as 3 million American jobs in 2016 alone, according to an analysis by the Economic Policy Institute.

-It raises taxes on middle-class families with children by an average of more than $2,000 – to pay for an average $200,000 tax break for millionaires.

-At a time when families are living paycheck to paycheck, this budget would reduce economic growth by 2.5 percent in 2016.

 

Find the full analysis from the Office of Management and Budget here