According to the Washington Post on April 1, the budget proposed by Ryan would slash more than $5 trillion in federal spending over the next 10 years. The majority of the cuts would come from the repeal of the Affordable Care Act.
This will be Ryan's last budget as the chairman of the budget committee, in which he is seeking to become the chairman of the more powerful Ways and Means Committee, which sets tax policy for the nation. Ryan is also mulling a bid to run for president in 2016.
Ryan used his final budget to reject a tax overhaul being proposed by outgoing Ways and Means chairman, Rep. Dave Camp (R-MI), who announced on March 31 that he is retiring from Congress.
Camp is proposing to reassert the goal of a top individual tax of 25 percent and collapse the current seven individual income-tax brackets into two income tax brackets.
Ryan's budget also proposes no increase in defense spending, preferring to adhere to the spending caps he negotiated with Senate Budget Committee Chairman Patty Murray (D-WA) in December 2013.
Ryan is proposing turning the federal food stamp program into a block grant program that would be "tailored for each state's low-income population." The reforms would tack on stiffer work requirements and add education and job training requirements to receive the stamps.
Ryan would also take an as to Medicaid, cutting nearly $3 trillion from the federal health program by fully repealing the Affordable Care Act and changing Medicaid.
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