Infographic: The House Republican Budget
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The House Republican budget would cut taxes by an average of $150,000 for millionaires and billionaires by ending Medicare as we know it and reducing investments in education, medical research, and other programs that benefit the middle class. The budget fails tests of balance, fairness, and shared responsibility by disproportionately benefiting the wealthy at the expense of programs that help ordinary Americans.
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Infographic: The House Republican Budget
- 1. THE HOUSE REPUBLICAN BUDGET The House Republican budget would shower the wealthiest few Americans with an average tax cut of at least $150,000, paid for by ending Medicare as we know it and cutting the very investments we need to grow the economy and restore middle class security. THE BUDGET FAILS THE TEST OF BALANCE, FAIRNESS, AND SHARED RESPONSIBILITY. O R BY PA I D F LASS ID DLE C THE M A X C U TS F O R EVEN MORE T ES D B IL L IO N A IR M IL L IO N A IR E S A N $150,000 AVERAGE TAX CUT FOR MILLIONAIRES AND BILLIONAIRES $150,000 WOULD PAY FOR.... 1 years worth of savings for a senior in the Medicare prescription drug "donut hole" $600 1 school computer lab $40,000 1 year of medical care for a veteran returning home $8,945 1 yearly tax cut for an average millionaire 1 grant for medical research or billionaire on chronic diseases $50,000 $150,000 1 tax credit to make a year of college more affordable $2,500 1 鍖re鍖ghter, police officer, or 鍖rst responder kept on the job $42,000 1 college student receiving the maximum Pell Grant $5,550 LEARN MORE AT WHITEHOUSE.GOV March 22, 2012