January 21, 2020

Farm Bill: Budget Committee Chairman Paul Ryan Releases House GOP Budget Outline

Categories: Budget /Farm Bill

Naftali Bendavid reported yesterday at The Wall Street Journal Online that, “Rep. Paul Ryan’s budget [complete outline here, summary tables here] instantly became the centerpiece of an election-year debate over the size of government on Tuesday, thrusting back into the spotlight a topic—the deficit—that has been largely overlooked by the presidential candidates.

“Democrats said his plan promises drastic savings without specifying what would be cut and without raising taxes on the wealthy, as President Barack Obama has proposed.

“Mr. Ryan (R., Wis.), who heads the House Budget Committee, said his plan would put the U.S. on a sound economic path by spending $5.3 trillion less than Mr. Obama recommends over 10 years, resulting in a budget deficit that would be $3.3 trillion narrower.”