The Impact of the Romney/Ryan Budget in Texas
Key point: The Romney/Ryan budget amounts to a massive redistribution of wealth from the middle class to the already-rich. Most notably, the Romney/Ryan budget would allow Mitt Romney to pay next to nothing in taxes - according to Mitt Romney - while raising taxes on 95% of Americans.
Mitt Romney's choice of Paul Ryan to be his running mate forces budget issues to the forefront of the national conversation. Here in Texas, the Romney/Ryan budget would have a severe impact on state jobs, education, and health care:
- Jobs - Nearly 400,000 jobs would be lost through Medicaid cuts in the Romney/Ryan budget. (Economic Policy Institute)
- Health Care - The cuts to Medicaid in the Romney/Ryan budget would result in 717,700 fewer seniors on Medicaid, and 2,573,600 fewer children on Medicaid. (Families USA)
- Education - In Texas, the Romney/Ryan budget reduces the average amount of Pell Grant funding per student by $820. There would be 5,610 work study opportunities eliminated, and Texas would lose $438.7 million in cuts to elementary and secondary education and special education, if the Romney/Ryan budget were signed into law. (White House)
You can read our full memo - which details additional cuts to Medicaid, public education, and Texas' job totals - by clicking here or browsing below.