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Msg. 44840 of 65535 |
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In 1999, Paul Ryan voted in favor of the Financial Services Modernization Act of 1999 which repealed key provisions of the Glass–Steagall Act. In 2002, Ryan voted in favor of the Iraq War resolution, authorizing President George W. Bush to use military force in Iraq. In 2003, Ryan voted in favor of the Medicare Part D prescription drug expansion. In 2004 and 2005, after the reelection of Bush, Ryan pushed the Bush administration to propose the privatization of Social Security; Ryan's proposal was ultimately not fully supported by the Administration and it failed. After the next election, he was chosen as the ranking member of the House Budget Committee. In 2008, Ryan voted for TARP, the Troubled Asset Relief Program, the Wall Street bailout that precipitated the Tea Party movement, and the bailout of GM and Chrysler. In 2010, The Daily Telegraph ranked Ryan the ninth most influential American conservative. In 2011, Ryan was selected to deliver the Republican response to the State of the Union address. In 2012, Ryan accused the nation's top military leaders of using "smoke and mirrors" to remain under budget limits passed by Congress. Ryan later said that he misspoke on the issue and called General Martin Dempsey to apologize for his comments. Roadmap for America's Future On May 21, 2008, Ryan introduced H.R. 6110, titled "Roadmap for America's Future Act of 2008." This proposed legislation outlined changes to entitlement spending, notably major alterations in Medicare. The Roadmap found only eight sponsors and did not move past committee. On April 1, 2009, Ryan introduced his alternative to the 2010 United States federal budget. This alternative budget would have eliminated the American Recovery and Reinvestment Act of 2009, lowered the top tax rate to 25%, introduced an 8.5% value-added consumption tax, and imposed a five-year spending freeze on all discretionary spending. It would also have replaced Medicare. Instead, it proposed that starting in 2021, the federal government would no longer pay for Medicare benefits for persons born after 1975, and would instead pay a fixed sum in the form of a voucher for the Medicare beneficiary to buy private insurance with. The plan attracted criticism since the voucher payments would not be set to increase as medical costs increase, leaving beneficiaries partially uninsured. Ryan's proposed budget would also have allowed taxpayers to opt out of the federal income taxation system with itemized deductions, and instead pay a flat 10 percent of adjusted gross income up to $100,000 and 25 percent on any remaining income. Ryan's proposed budget was heavily criticized by opponents for the lack of concrete numbers. It was ultimately rejected in the house by a vote of 293-137, with 38 Republicans in opposition. In late January 2010, Ryan released a new version of his Roadmap. The modified plan would: give across the board tax cuts by reducing income tax rates; eliminate income taxes on capital gains, dividends, and interest; and abolish the corporate income tax, estate tax, and alternative minimum tax. The plan would privatize a portion of Social Security, eliminate the tax exclusion for employer-sponsored health insurance, and privatize Medicare. On April 15, 2011, the House passed the Ryan Plan for 2012 by a vote of 235-193. Four Republicans joined all House Democrats in voting against it. A month later, the bill died in the Senate by a vote of 57-40, with five Republicans and most Democrats in opposition. Ryan's second budget plan At the end of March 2012, the House of Representatives passed a newer version of Ryan's budget plan for fiscal year 2013 along partisan lines, 228 yeas to 191 nays; ten Republicans voted against bill, along with all the House Democrats. Ryan's budget would reduce all discretionary spending in the budget from 12.5% of GDP in 2011 to 3.75% of GDP in 2050. Congressman Justin Amash, a Republican from Michigan criticized Ryan's budget for insufficient cuts, its continuation of deficit spending through 2022 and beyond, and its exemption of military spending from reductions. His budget has also been criticized because it would not balance the budget until 2035. In May 2012, Ryan voted for H.R. 4310 which would increase spending on defense, Afghanistan and various weapon systems to the level of $642 billion - $8 billion more than previous spending levels. |
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