Mitt Romney is in Minnesota raising big bucks today, we decided to take a closer look at just what the Romney/Ryan budget plan would mean for Minnesota. Here’s a quick look, by the numbers:
As you can see, it’s not good. The 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 as his running mate is a scary choice for middle class families around the country. Here in Minnesota, the Romney/Ryan budget would have a severe impact on state jobs, education and health care:
- Jobs: Between 50,000 and 101,000 jobs would be lost through Medicaid cuts in the Romney/Ryan budget.
- Health Care: The cuts to Medicaid in the Romney/Ryan budget would result in 116,800 fewer seniors and 709,300 fewer children on Medicaid.
- Education: In Minnesota, the Romney/Ryan budget reduces the average amount of Pell Grant funding per student by $770. There would be 2,740 work study opportunities eliminated, and Minnesota would lose $69 million in cuts to elementary, secondary and special education if the Romney/Ryan budget were signed into law.
You can read our full memo – which details additional cuts to Medicaid, public education and jobs in Minnesota – by clicking here or browsing below.