WASHINGTON - Ways and Means Committee Ranking Member Sander Levin (D-MI) issued the following statement on the House Republican Budget proposed by Budget Chairman Paul Ryan:
“Once again the Ryan budget talks about lowering the top individual tax rate to 25 percent without any indication as to how to get there. He proposes giving an even larger tax cut to the very wealthy than in previous budgets, while leaving lower- and middle-income Americans vulnerable to a significant tax increase. Rep. Ryan talks about closing loopholes but never identifies any. His reference to a pro-growth tax system is all rhetoric. And once again while Rep. Ryan claims 'to protect Medicare,' the purpose of his proposal is to end its guarantee. The reality of this budget is that its proposals are the opposite of its compassionate rhetoric."
