This morning, David Plouffe, Senior Advisor to President Obama, sent the message below to individuals on the White House email list about the House Republican Budget. If you didn't get the email, be sure to sign up.
Every day, you and your family make choices about how you spend your money and what investments you make. Leaders in Congress do the same thing when they draw up their budgets for the country. And if you spend some time with their plans, you learn what they value, you see the type of country they want America to be.
So when Congressman Paul Ryan put out a new budget for the House Republicans this week, we spent some time with it. We took a careful look and did the math.
Here's what we learned.
Republicans in Washington want to give millionaires and billionaires an average tax break of at least $150,000. They want to pay for those tax cuts by slashing programs that create jobs and protect our children, our seniors, and the veterans who have fought for the country. They want to end Medicare as we know it. And they want to undercut our economic strength by rolling back key investments in education, research, and our nation's roads and bridges.
President Obama believes we need to live within our means and that's why he put forward a balanced plan that reduces the deficit by more than $4 trillion. But the plan put forward by the GOP fails that test of balance.
To show you what we mean, we've put together an infographic that breaks out the kinds of priorities we'd have to give up for the $150,000 tax break that Republicans want to give to the nation's millionaires and billionaires.