Newsletters

Ryan plan sets up clash over safety net

Representative Paul Ryans budget plan will frame an election between a Republican Party that wants to eliminate the deficit partly by cutting U.S. social spending and Democrats who want to boost the safety net.

By Derek Wallbank | Updated on April 02, 2014

April 2 (Bloomberg) — Representative Paul Ryan’s budget plan will frame an election between a Republican Party that wants to eliminate the deficit partly by cutting U.S. social spending and Democrats who want to boost the safety net.

“It’s very important to offer people a choice,” Ryan said yesterday of his proposal, which would lower the top income-tax rate to 25 percent from 39.6 percent now.

The budget plan unveiled yesterday would increase defense outlays while cutting non-defense programs — a broad category of spending that covers everything from national parks and housing vouchers to NASA and environmental regulation.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account? Sign In Now

NOT FOR REPRINT

Dig Deeper

Recommended Stories

Voters lock state benefits regulation trends in

Allison Bell | November 08, 2024

As the results turn Washington upside down, state capitals are purring along.

Retirement Savings for Americans Act: Increased access, but worse retirement outcomes?

Lynn Cavanaugh | November 08, 2024

The new retirement bill, aimed at expanding retirement coverage for workers not covered by an employer plan, would likely lead to worse retirement outcomes for most Gen Z and millennial workers, according to the Morningstar Center for Retirement's new research.

It’s official! IRS announces 401(k) contribution limits for 2025

Lynn Cavanaugh | November 01, 2024

The IRS announced today it will increase 401(k) contribution limits to $23,500 (from $23,000 in 2024), the same increase as last year, while limits for employees over 50 remains unchanged.

Resource Center

Report

BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Exclusive discounts on BenefitsPRO.com and ALM events.