March 28, 2012 - Download PDF Version

By Chris Hellman and Mattea Kramer

This week the House of Representatives will consider two significantly different alternatives to the president’s fiscal 2013 budget request— the Republican draft budget resolution, introduced by Rep. Paul Ryan, and an alternative introduced by the Congressional Progressive Caucus (CPC).

The two budgets offer vastly different visions for the nation, and each uses the president’s budget as a baseline to compare their contrasting proposals. Rep. Ryan reduces tax rates as well as spending, finding savings largely from domestic programs that serve low-income people, including Medicaid and the food stamp program. The CPC increases revenues with higher tax rates on wealthy individuals and corporations, while adding substantial new spending for job creation and making few changes to domestic programs.