House Republicans will unveil a proposed budget Tuesday that would drastically reshape the federal government by privatizing Medicare and repealing ObamaCare, a report said.

The ambitious agenda, which uses the policy prescriptions of Rep. Paul Ryan of Wisconsin, aims to slash federal spending and balance the budget within 10 years, according to The New York Times.

Medicare would transform into a voucher-like program that subsidizes purchases of private health insurance.

However, Republicans are considering adding tens of billions of dollars to military spending. President Obama requested $51 billion for Pentagon operations, but GOP aides said party leaders are weighing figures above $90 billion.

While this Republican wish list is unlikely to pass as is, if it does it would likely be vetoed as soon as it reaches the president’s desk.