Shea-Porter Campaign Highlights Most Extreme Republican Study Committee Budget Provisions
MANCHESTER—Today, the Carol Shea-Porter campaign released a list of the most extreme provisions that Frank Guinta supported when he voted for the Republican Study Committee Budgets, known as Paul Ryan’s Republican budget “on steroids.” [RSC FY 2012 Vote, RSC FY 2013 Vote]
“Frank Guinta showed his true colors when he voted for an extreme Tea Party budget that even the majority of his fellow Republicans couldn’t stomach,” said Shea-Porter spokeswoman Marjorie Connolly. “Frank Guinta’s Republican budgets on steroids would decimate investments in the middle class in order to slash Social Security, voucherize Medicare, end investments in our communities, and hand out huge tax breaks to big corporations and billionaires. Guinta’s radical right-wing beliefs would have put New Hampshire’s jobs and our seniors’ retirement security in jeopardy.”
Here are the most extreme provisions of Guinta’s Republican Study Committee Budgets:
Voucherize Medicare Even Faster
Guinta’s Tea Party budgets would have implemented a Medicare voucher program even sooner than the Ryan Republican budget, and would raise the eligibility age for Medicare for those who were born after 1952 [The Hill, 4/8/11].
Raise the Social Security Age While Slashing Benefits
The 2012 Tea Party budget would have raised the Social Security eligibility age to 70 by 2045, resulting in a 20% cut in benefits for seniors [Ways and Means Committee Democrats, 4/13/11].
Expand Corporate Welfare
The Tea Party budgets would have cut both the corporate and top tax rate by nearly 30%. Guinta’s tax plan would even make it easier for American corporations to move jobs overseas and avoid paying U.S. taxes [Bipartisan Policy Center, 4/4/12] [Center for American Progress, 7/16/12].
Deregulate the Big Banks
Proving that Guinta sides with big banks at the expense of middle-class American consumers, his 2013 Tea Party budget would eliminate the Consumer Financial Protection Bureau, the watchdog responsible for cracking down on abusive banking practices and predatory lenders [FY2013 RSC Budget].
Decimate Education Funding
The 2013 RSC budget would have cut $104 billion from Pell Grants and $47 billion from student loan programs [Bipartisan Policy Center, 4/4/12].
End Local Community Investments
The 2013 RSC budget would eliminate the Economic Development Administration, which works for small businesses and local communities in New Hampshire.
If the EDA were eliminated, the City of Rochester would not have gotten a $1.9 million grant that Carol Shea-Porter secured to fund the “construction of water and sewer infrastructure to … serve as a catalyst for expansion of existing businesses, new business development, and opportunities for job creation to replace almost 500 jobs lost due to the recent closure of several manufacturing companies.” [EDA.gov; FY2013 RSC Budget Blueprint]